Question: Evaluate variable-pay programs in terms of their impact on motivation and productivity. Include the benefits and challenges of piece-rate pay plan, merit-based pay plan, bonuses,

Evaluate variable-pay programs in terms of their impact on motivation and productivity. Include the benefits and challenges of piece-rate pay plan, merit-based pay plan, bonuses, skill-based pay, profit-sharing plans, gainsharing plans, employee stock ownership plan, and evaluation and variable pay plan, of the programs.

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