A three-year total wage increase package that provides 8 percent wage increase in the first year, 5 percent in the second year, and 2 percent in the third year is known as a back-end contract.

Question

Quizplus · Accepted Answer

A back-end contract typically refers to a wage increase package that provides lower wage increases in the first year and higher increases in subsequent years, whereas this scenario describes a front-end contract.

A Three-Year Total Wage Increase Package That Provides 8 Percent