BUISENESS MANAGEMENT
EMPLOYMENT ISSUES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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wage scale paying experienced workers a lower wage than others already on the job
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wage scale paying newer workers a lower wage than others already on the job
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wage scale paying newer workers a higher wage than others already on the job
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none of the above
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Detailed explanation-1: -Two-tier compensation is when senior employees that have been with the company for longer have higher pay and usually additional benefits over new hires. There may or may not be a threshold of a certain amount of time before a newer worker can reach the higher pay point or have access to certain benefits.
Detailed explanation-2: -two-tier adjective (SYSTEM) used to describe something that is organized in two levels or stages: Council functions throughout Cornwall were organised on a two-tier basis, with a county council and district councils.
Detailed explanation-3: -A two-tier workforce may be created when employees are transferred from the public sector (local government, the NHS etc) to the private sector (a profit-making company) and new employees get worse pay and conditions than those workers transferred from the public sector – leading to two tiers of pay and conditions.
Detailed explanation-4: -Piece rate pay occurs when workers are paid by the unit performed (e.g. the number of tee shirts or bricks produced) instead of being paid on the basis of time spent on the job.