Asked by

Loran Williams
on Dec 10, 2024

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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.
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Ronalyn GasparDec 13, 2024
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