Training Costs Can Be High with a Skill-Based Pay System

question 130

True/False

Training costs can be high with a skill-based pay system.

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Definitions:

Recruitment and Selection

The combined processes of attracting, shortlisting, evaluating, and hiring suitable candidates for jobs within an organization.

Greater Efficiency

The improvement in performance, productivity, or output using the least amount of resources possible.

HR Department

The division within a company that focuses on the recruitment, management, and direction of people who work in the organization, dealing also with issues such as compensation, performance management, and training.