Compensation practices of an integrated manufacturing firm usually include
A)individual incentives.
B)hourly wages.
C)seniority pay.
D)job classifications.
E)skill-based pay.

Question

Quizplus · Accepted Answer

An integrated manufacturing firm might have employees with different skills and knowledge. The compensation practices for such employees are likely to include skill-based pay, which rewards employees for acquiring and using new skills. This can help the firm to retain talented employees and encourage continuous learning and development. The other options such as individual incentives, hourly wages, seniority pay, and job classifications may not be as effective in addressing the needs of a diverse and skilled workforce.

Compensation Practices of an Integrated Manufacturing Firm Usually Include