Instruck Inc.is a real estate firm based in Colorado.The company ensures that employees' pay is dependent on what they are capable of doing.The company also supports efforts to empower its employees by encouraging them to be independent and to make decisions in various areas.This,in turn,ensures job enrichment.Based on this information,identify the pay structure being utilized by Instruck.
A) straight piecework plan
B) skill-based pay systems
C) merit pay system
D) differential piece rates
E) standard hour plan

Question

Quizplus · Accepted Answer

Instruck is utilizing a skill-based pay system, as the employees' pay is dependent on their capabilities and skills. This type of pay structure rewards employees for developing and enhancing their skill set, leading to job enrichment and greater independence.