Question

In managing production worker compensation and expenditures, what factors should be considered?

1) Salary and benefits
2) Overtime pay
3) Bonuses and incentives
4) All of the above

Answer 1

In managing production worker compensation and expenditures, factors such as salary and benefits, overtime pay, and bonuses and incentives should be considered.

Step-by-step explanation:

In managing production worker compensation and expenditures, the factors that should be considered include:

1. Salary and benefits: This includes the base pay and any additional benefits such as health insurance, retirement plans, and employer payments to Social Security.
2. Overtime pay: If production workers are required to work overtime, the additional compensation for those extra hours should be taken into account.
3. Bonuses and incentives: These are additional rewards given to workers based on their performance or achieving certain targets.

All of the above factors should be considered in managing production worker compensation and expenditures.