A corporate wide pay plan that uses a structured formula to allocate a portion of annual company profits to employees is known as:

Related MCQs

• In employees pension plan, a portion of employees earnings contribution into fund, classified as
• Which pay is one of the most crucial pay given to the employee& also shown in the pay structure?
• Type of employees pay rate in which pay is attached with productivity is called
• An employee compares his pay with other’s pay in company at same position is called
• Employees abroad supply services or having outside vendors that company’s own employees previously did in-house is known as
• Incentive and pay plan is tied to company’s overall profitability is called
• Corporate Social Responsibility (CSR) is looked as the organised network of making long economic and social relationship of the corporate with the society. But a business of which type, as mentioned below, cannot afford for it, at the first instance?
• A pension plan, an employer’s acknowledgement of financial standing of employee’s account, placing percentage on basis of annual compensation and interest, regarded as
• Statement (i): In an organization we pay for jobs, we do not pay for men. Statement (ii): The compensation must be as per the Job assigned.
• Pay for time not worked, sick leave, supplemental benefits and severance pay are types of benefits called