A company can save up to 20% of its payroll during lows in its business cycle by instituting a profit-sharing compensation program.

Question

Quizplus · Accepted Answer

By instituting a profit-sharing compensation program, a company can incentivize its employees to work harder and more efficiently toward increasing profits. This can result in savings of up to 20% of payroll during lows in the business cycle.

A Company Can Save Up to 20% of Its Payroll