Some incentive programs apply to all employees in a firm.Paying workers to learn new skills and to become proficient at different jobs is this plan:
A) profit-sharing plan
B) gainsharing plan
C) pay-for-knowledge plan
D) none of the above

Question

Quizplus · Accepted Answer

The pay-for-knowledge plan is a type of incentive program that rewards employees for learning new skills and becoming proficient at different jobs within the company. It is designed to encourage employees to expand their knowledge and increase their value to the company, while also providing them with additional compensation for their efforts. Profit-sharing plans and gainsharing plans are different types of incentive programs that typically reward employees for contributing to the company's bottom line in specific ways, such as through increased productivity or cost savings.

Some Incentive Programs Apply to All Employees in a Firm