Retention bonuses refer to:
A) the special reward programs used to satisfy the lower and middle level managers.
B) the bonuses provided to union members to withhold a strike decision.
C) the bonuses provided to employees who take long leaves without pay.
D) annual incentives paid to daily wage workers to remain in the organization.
E) one-time incentives paid in exchange for remaining with the company.

Question

Quizplus · Accepted Answer

The target ratio refers to the ratio of labor costs and sales value of production. In this example, the standard is a ratio of 30/100, or 30 percent, and the workers produced parts worth $5 million. To meet the standard, the labor costs should be less than 30 percent of $5 million, or $1.5 million.

Retention Bonuses Refer To