Asked by
Loran Williams
on Dec 10, 2024Verified
What pay plan is associated with high training costs?
A) Gain-sharing
B) Scanlon plan
C) Profit-sharing
D) Skill-based pay
E) ESOPs
Training Costs
Expenses incurred by an organization for the development and education of its employees, including workshops, courses, and other educational activities.
Skill-based Pay
A compensation system that rewards employees for their skills and knowledge, rather than their job title or position.
- Absorb information regarding the operation of skill-focused salary frameworks and their influence on investment in training.
Verified Answer
RG
Learning Objectives
- Absorb information regarding the operation of skill-focused salary frameworks and their influence on investment in training.