In a(n) _____ pay plan, a contract is negotiated which specifies that employees hired after a given target date will receive lower wages than their higher-seniority peers working on the same or similar jobs.
A)skill-based
B)efficiency-based
C)one-tier
D)two-tier

Question

Quizplus · Accepted Answer

A two-tier pay plan differentiates between employees based on their hire dates, with newer employees receiving lower wages compared to their senior counterparts. This can create tension and dissatisfaction among employees, but may be necessary to maintain competitiveness and cost control in the organization.

In A(n) _____ Pay Plan, a Contract Is Negotiated Which