A Compensation System That Pays Employees Such That "Some Skin

question 26

Multiple Choice

A compensation system that pays employees such that "some skin is in the game" means that

• A) a portion of employee pay is at risk
• B) employers risk high labor costs
• C) level of base pay is below competitors
• D) base pay is low while benefits are generous

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Definitions:

Motivational Approach

A strategy or method used to inspire and encourage individuals toward achieving certain goals or behaviors.

Job Involvement

The degree to which an individual identifies with their job, actively participates in it, and considers their job performance as important to their self-worth.

Training Time

The amount of time dedicated to developing skills, knowledge, or competencies required for a specific task or job.

Personnel Utilization

The effective and efficient deployment of human resources within an organization to maximize productivity and achieve strategic goals.