If piece-rate or commission systems of compensating workers have important advantages for firms, why don't more firms

Question:

If piece-rate or commission systems of compensating workers have important advantages for firms, why don't more firms use them?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

See More Books

Question Posted: Nov 01, 2017 07:27 AM

See More Questions

Compensating Wage Differentials and Increased Worker Safety: Why would any worker choose to work in a profession (like coal mining) that is risky for the workers health and safety? The answer is that...
a. The average person doesnt like working the night shift. According to the theory of compensating differentials, are night shift wages probably higher or lower than day shift wages? b. Most...
Holmes Corporation is a leading designer and manufacturer of material handling and processing equipment for heavy industry in the United States and abroad. Its sales have more than doubled, and its...
The number of claims filed each week with Security Insurance Company has a mean of 700 and a standard deviation of 250. Calculate the probability that the number of claims this week will be: (a)...
Many references give the specific gravity of gases with reference to air. For example, the specific gravity of carbon dioxide is 1.52 relative to air at the same temperature and pressure. Show that...
Is the light bulb in Figure P32.27 lit? Data from Figure P32.27 (e)
The numbers of weeks the 33 leading movies remained at number 1 as of March 2018. Find the mean, the median, and the mode of the data, if possible. If any measure cannot be found or does not...
1. What are some of the current issues facing Germany? What is the climate for doing business in Germany today? 2. Are the leadership styles used by the German managers really much different from...
A boy coasts down a hill on a sled, reaching a level surface at the bottom with a speed of 15 m/s. If the coefficient of friction between the sled's runners and the snow is 0.11 and the boy and sled...
Troy Engines, Ltd., manufactures a variety of engines for use in heavy equipment. The company has always produced all of the necessary parts for its engines, including all of the carburetors. An...
What are the two ways that the productivity of a firm's employees may increase when a firm moves from straight-time pay to commission or piece-rate pay?
According to a study, the number of jobs in which firms used bonuses, commissions, or piece rates to tie workers' pay to their performance increased from an estimated 30 percent of all jobs in the...
The first step in power-system fault calculations is to develop sequence networks based on the single-line diagram of the system, and then reduce them to their Thvenin equivalents, as viewed from the...
A third harmonic forms in a pipe (from a sound wave of frequency 501 Hz) which is open at one end and closed at the other end. Take the speed of sound as v=345 m s. How long is the pipe in metres?
Multiply the rational expression. Simplify. 29 x+2x+1 +1 3-2
As a new member of the board of directors for a local bank, Jack Nelson was being introduced to all the employees in the home office. When he was introduced to Ruth Johnson, he was curious about her...
Mildred Pirelli supervises salespeople in a department store. One day she walked around her department to observe the salespeople in action. She saw a salesperson approve a charge card purchase...
1. Newton and Einstein both proposed theories about gravity. Summarize each theory, highlighting how they differ. (9 points) 2. Find the gravitational field on the surface of an alien planet that has...
Boehm Corporation has had stable earnings growth of 8% a year for the past 10 years, and in 2019 Boehm paid dividends of $4 million on net income of $10 million. However, net income is expected to...
How has the too-big-to-fail policy been limited in the FDICIA legislation? How might limiting the too-big-to-fail policy help reduce the risk of a future banking crisis?
Why should a central bank put contractionary monetary policy in place during an economic boom rather than letting the economy grow?
What is the difference between the federal funds rate and interest rate? Why is the federal funds rate not relevant to households and firms?
State which of the following is a monetary policy target: a. Full employment b. Fluctuations in the business cycle c. Stability in the exchange rate d. A falling price level to increase consumption...
Choose from the following topics to create discussion: Humanity and the Natural Environment Housing and Home Furnishings Privacy and Socializing
On December 31, 2020, Pearl Company had $1,101,000 of short-term debt in the for January 21, 2021, the company issued 22,800 shares of its common stock for $42 per brokerage fees and other costs of...
During your interview process for the position of program manager for Booker, Tee, and How you are asked to explain the relationship between cost, schedule, and performance? what is your answer to...

If piece-rate or commission systems of compensating workers have important advantages for firms, why don't more firms

Question:

Step by Step Answer:

Despite the advantages many firms dont use piecerate or commission pay becau...View the full answer

Economics

Students also viewed these Micro Economics questions