Labor Force Trends Affect Incentive Programs Because

question 47

Multiple Choice

Labor force trends affect incentive programs because:

• A) organizations must put in place ways to reward employees which support diversity in the workforce.
• B) the type of incentives offered are driven by the make up of an organization's workforce.
• C) rewards should not be determined by the make up of the workforce in order to avoid discrimination charges.
• D) merit increases generally work for all minorities in the workforce as it most fairly increases their base compensation.
• E) Both A and B are correct.

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Definitions:

Total Amount

The complete sum or aggregate of quantities, such as the final amount due for payment or the sum total of assets.

Simple Interest

Interest calculated only on the initial amount of money deposited or loaned, not on any interest accrued over time.

Ordinary Interest

Interest calculated based on a 360-day year, often used in banking for loans and savings.

Exact Interest

Interest calculated based on the actual number of days in a year or a specific time period, often used in financial transactions.