one of oldest most common benefits Regulation of Health Care 20 Review Profit

One of oldest most common benefits regulation of

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- one of oldest & most common benefits Regulation of Health Care20. Review Profit Sharing planDistributes a portion of corporate profits among designated employees. Payments linked to a ratio related to base pay. Means to align management and employee goals21. Review Merit pay planDistribution of pay based on appraisal of worker’s performance. Most common plan. Employees want a link between performance & pay. Fundamental problem is accuracy in performance measurement22. Study PFP PlansMerit (Worker’s performance). Piece Rate (Units produced). Sales Incentive (Increase sales overtime). Bonus23. Review Commission planAcommission planis defined as an arrangement made in which people are paid based on performance. An example of acommission planis when salespeople are paid 10 percent of every sale they make24. Review The Scanlon Plan:It is a profit sharing program in which employees share in pre-established cost savings, based upon employee effort. Suggestions reviewed by screening committees.Measures relationship between sales value of production & labor costs
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