Which plan rewards a worker by a premium that equals the percent by which his or her performance is above standard?
A) The differential piece-rate plan
B) Gainsharing plan
C) The percent incentive plan
D) The premium plan
E) The guaranteed piecework plan

Question

Quizplus · Accepted Answer

The differential piece-rate plan rewards workers by providing a premium that is equal to the percent that their performance exceeds the standard rate. This plan motivates workers to exceed the standard rate and also increases their earnings, which can lead to higher productivity and job satisfaction.

Which Plan Rewards a Worker by a Premium That Equals