One Concern with Private Prisons Is That They Might Skimp

question 247

True/False

One concern with private prisons is that they might skimp on costs to increase profits.

---

Definitions:

Pay for Knowledge Systems

Compensation strategies that reward employees for their skills, expertise, and the range of tasks they are capable of performing, rather than for the job position itself.

Competency-Based Pay

A compensation system that bases an employee's pay on the skills, abilities, and knowledge they bring to the job, rather than their job title or position.

Management Styles

The various approaches and methods used by managers to motivate staff, direct activities, and achieve organizational objectives.

Compensation Mix

The combination of different types of compensation, such as base salary, bonuses, stock options, and benefits, that an organization offers its employees.