Question

The type of compensation where employees receive a fixed amount regardless of the amount of hours worked is called a(n)____________.

Answer 1

Answer: salary or wages

             

Explanation:

A salary refers to a type of payment that can be stipulated in a work contract by  a company to a worker. It contrasts with item wages, whereby each job, or any such unit is paid individually instead of on a regular basis.

In other words, Salary relates to a predetermined sum of money or remuneration compensated by a hirer for the work done by an staff member. Usually, salary is calculated by equating industry pay rates for workers in similar fields in the same area doing similar tasks.

Salary is often calculated by levelling up an individual company's pay levels and compensation ranges. Salary is often influenced by the amount of individuals employed at the organization's job location to conduct the particular job.

Answer 2

Answer:

The type of compensation where employees receive a fixed amount regardless of the amount of hours worked is called A PIECEWORK

Explanation:

A piecework entails when an employee is paid a fixed amount irrespective of the time or hours spent at work.  Most often, performance rate are used here in such payment. It enables most employee to work at their best in order to have efficiency and at the same time with huge pay