Hourly wage rates are an anachronism. Efficiency requires incentive-based pay tied to performance. Discuss this statement.

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“Hourly wage rates are an anachronism. Efficiency requires incentive-based pay tied to performance.” Discuss this statement.

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Managerial Economics

ISBN: 978-0324588866

12th edition

Authors: Mark Hirschey

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Question Posted: Feb 13, 2015 09:50 AM

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Hourly wage rates are an anachronism. Efficiency requires incentive-based pay tied to performance. Discuss this statement.

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Given that many successful firms use hourly wage rates it ...View the full answer

Managerial Economics

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