Piercing Manufacturing consists of five different levels of its manufacturing plant. Each level has a myriad of tasks that are performed. The company understands how repetitive work could create burnout. In order to motivate its employees, Piercing Manufacturing has adopted the skill-based pay schedule. What are the positives and negatives to using skill-based pay extrinsic rewards in this scenario?
What will be an ideal response?
Positives: This type of pay can be a useful way to motivate employees while
providing them with an opportunity to showcase their new skills and competencies.
Workers are more flexible and productive. Negatives: There is the high cost of
additional bonuses and training. There is a possibility that employees may max out their
skill levels, which means they cannot receive any additional pay increases unless they
change jobs.
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a. True b. False Indicate whether the statement is true or false
An example of a qualitative factor important in tactical decision making is the relationship of alternatives to an organization's overall strategy
Indicate whether the statement is true or false
The fourth step in accounting for production activity in a period is to prepare a cost reconciliation, which ________ and ________ costs.
What will be an ideal response?
An overstatement of ending inventory will cause an overstatement of assets and an understatement of stockholders' equity on the balance sheet.
Answer the following statement true (T) or false (F)