The higher labour costs under skilled-based pay indicate that it may be a better fit to companies where _____________. labour costs are a small share of total costs labour costs are a large share of total costs employees lack motivation to increase their skills employees focus on seeking promotions to earn more pay the focus is on average performance rather than optimum performance
The higher labour costs under skilled-based pay indicate that it may be a better fit to companies where _____________. labour costs are a small share of total costs labour costs are a large share of total costs employees lack motivation to increase their skills employees focus on seeking promotions to earn more pay the focus is on average performance rather than optimum performance
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The higher labour costs under skilled-based pay indicate that it may be a better fit to companies where _____________.
labour costs are a small share of total costs
labour costs are a large share of total costs
employees lack motivation to increase their skills
employees focus on seeking promotions to earn more pay
the focus is on average performance rather than optimum performance
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