The Giant Company is concerned about controlling labor costs while encouraging employees to work more efficiently.The Giant Company should adopt a ____ strategy.
A) productivity-reward
B) cost-of-living
C) performance-reward
D) pay-for-performance
E) static-salary

Question

Quizplus · Accepted Answer

A pay-for-performance strategy rewards employees based on their individual contributions to the company's bottom line, rather than just paying them a static salary or cost-of-living increase. This would encourage employees to work more efficiently and effectively, while also allowing the company to control labor costs by only rewarding those who meet or exceed performance expectations. A productivity-reward or performance-reward strategy could also work, but pay-for-performance is the most specific and targeted option.

The Giant Company Is Concerned About Controlling Labor Costs While