Organizations may not need to rely on layoffs to reduce costs using which compensation program?
A)Skill-based program
B)Incentive pay
C)Fixed pay
D)Merit pay
E)Profit sharing

Question

Quizplus · Accepted Answer

Profit sharing allows organizations to share a portion of their profits with employees, providing an incentive for employees to work towards the organization's success. This can motivate employees to work efficiently and reduce costs without relying on layoffs.

Organizations May Not Need to Rely on Layoffs to Reduce