Two-tier wage systems allow companies to control costs,stay competitive and retain jobs that would otherwise be lost to foreign outsourcing.

Question

Quizplus · Accepted Answer

Two-tier wage systems allow companies to pay newer employees a lower wage, while maintaining a higher wage for current employees. This helps control costs and can make the company more competitive, allowing them to retain jobs that might have been lost to foreign outsourcing.

Two-Tier Wage Systems Allow Companies to Control Costs,stay Competitive and Retain