An Example of Change in the Nature of the Workforce

question 96

Multiple Choice

An example of change in the nature of the workforce is an increase in ________.

• A) college attendance
• B) mergers and consolidations
• C) capital investment
• D) divorce rates
• E) the multicultural environment

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Definitions:

Scanlon Plan

A type of gain-sharing program that rewards employees for contributions to the company's efficiency and profitability.

Productivity

A measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.

Compensation

The full quantity of cash and other forms of rewards offered to an employee by their employer as compensation for services rendered.

Straight Commission

A compensation model where an employee's pay is based entirely on the sales they generate, with no base salary.