The Incentive Plan, questions help

User Generated

Punybm Rm

Business Finance

Description

attached is a file

Unformatted Attachment Preview

Answer questions 12-18, 19 ,20, 21 Answer questions 13-12, 13, 14
Purchase answer to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Attached is the document for you

The Incentive Plan.
Question 12-18
This plan should be extended to other pressers in other stores. This is because it will
encourage the pressers to work hardest to press more and get high pay at the end of the week. At
the same time, instead of paying an hourly wage which may be expensive and lead to losses
when the press turnover is not met, such losses are minimized by paying per item pressed. This
will mean that individual is only paid equivalent to what is produced but not a fixed wage.
Question 12-19
Other employees should be put on a similar plan. This will improve the work rate of
individual employees and will maximize the output and profits. However, some employees like
the counter people should not be put on this plan; it will be unfair to other workers since the rate
of work at the counters is not equal to the rate of work at the press. The wage per item should be
dependent on the section's type of job. More demanding jobs should have a bit higher rate
compared to other jobs.
Question 12-29
Another incentive plan that will work for pressers is taking care of their families. Walt
always left at 3.00 p.m. to pick his children from school and had to work hard to get $300 per
week since he had a family to take care of. Now if the company can have an incentive plan
where pressers’ children are picked...


Anonymous
Really helpful material, saved me a great deal of time.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Related Tags