Which of the following is a long-term pay policy that can protect jobs and control labor costs by linking compensation to production?
A) Internships
B) Overtime pay
C) Profit sharing
D) Early retirement

Question

Quizplus · Accepted Answer

Profit sharing is a long-term pay policy that can incentivize employees to work harder and more efficiently, as their compensation is tied to the company's production levels. This can ultimately protect jobs by ensuring the company's success and controlling labor costs by only paying out profit sharing bonuses when the company is profitable. Internships, overtime pay, and early retirement are not necessarily long-term pay policies and do not directly link compensation to production.

Which of the Following Is a Long-Term Pay Policy That