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.

Business

You might also like to view...

Assume the demand for electricity, a necessity with few substitutes, is ?0.2. If the electric company raised its rates by 10 percent, we would expect a

A. 2 percent decrease in quantity demanded. B. 5 percent decrease in quantity demanded. C. 10 percent increase in quantity demanded. D. 10 percent decrease in quantity demanded. E. 2 percent increase in quantity demanded.

Business

In a weak matrix, the functional manager has a very small role and authority

Indicate whether the statement is true or false

Business

FICA—OASDI Taxes Payable would normally be shown on the balance sheet under long-term liabilities

Indicate whether the statement is true or false

Business

For the student advisement service at a university, business majors and education majors would constitute two different product families

Indicate whether the statement is true or false

Business