The piece-rate pay plans is not a form of variable pay.
What is piece-rate pay?
A piece-rate plan is known to be a kind of wage payment system. It is often used when an employee is said to be paid a fixed amount for any of the unit produced or action fulfilled.
The Piece rate is known to be used in a lot of industries, such as the automobile repair, trucking, manufacturing and others.
See full question below
Which of the following is not a form of variable pay?
- point-sharing plans
- gain-sharing plans
- commissions
- bonuses
- piece-rate pay plans
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