Job compensation directly affects how much labor costs detract from or contribute to business profitability.

Question

Quizplus · Accepted Answer

Job compensation is a major component of labor costs and directly affects how much businesses have to spend on their employees. Higher compensation can increase labor costs, while lower compensation can save money, but it can also affect employee productivity and retention. Ultimately, the impact on profitability depends on the overall labor strategy and how well it is aligned with business goals.

Job Compensation Directly Affects How Much Labor Costs Detract from or Contribute