Explain the term knowledge- based pay system.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (14 reviews)
A knowledgebased pay system is a pay system used by organizations to reward workers who under...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Management Leadership questions
-
Based upon your knowledge of proper rewards and contingent pay plans, please critique these two reward programs and provide suggestions on how the managers of each division can improve their reward...
-
Knowledge management is an often-used term in todays business environment. There is little question that some companies leverage their accumulated knowledge more effectively than others. Required...
-
Based upon your knowledge of cell wall structure, explain how the microbes causing meningitis and typhoid fever can induce fever and systemic shock in an infected patient.
-
howwould I work these out? (a) Calculate the amount of direct materials purchased during the period. Direct materials purchased (b) Calculate the cost of goods manufactured during the period. Costs...
-
Identify the five levels of automation in a production plant.
-
Define CASE, CASE tools, and a CASE environment.
-
Suppose an investor has exponential utility function $U(x)=$ $-e^{-a x}$ and an initial wealth level of $W$. The investor is faced with an opportunity to invest an amount $w \leq W$ and obtain a...
-
According to the trade press, the success record of knowledge management systems has been spotty. Why do you think this is? What steps must organizations take to give their knowledge management...
-
What role do institutions and governance systems play in fostering an environment conducive to empowerment, and how can these structures be reimagined to better serve marginalized populations ?
-
You are hired by one of the leading news channels CNBE who wants to analyze recent elections. This survey was conducted on 1525 voters with 9 variables. You have to build a model, to predict which...
-
a. Contrast the meanings of the terms job enlargement and job enrichment. b. What is the purpose of approaches such as job enlargement and job enrichment?
-
What are self- directed work teams? What are some potential benefits of using these teams?
-
What is the solution set of the equation? A) 15 B) 12 C) 8 D) 6 -3x+4 = 7
-
Erin visited a farm with her mother. As they entered the barn, a cat passed by and Erin said "me pet cat." Later, as they were leaving, she said "bye-bye cat," even though the cat was no longer...
-
The Swedish start-up company Neo Technology develops a database management sys- tem. The company is seeking Series A round VC financing to expand the firm. You are advising a VC fund that is...
-
DFT Investments needed to market a new derivative financial instrument. The market research team found that the mean of the derivative is $255,620, with a standard deviation of $68,545. The team...
-
Calculate the payoffs to all possible hedging policies, including forward contracts and money market hedges, plus going unhedged. What is the preferred solution?
-
How do lenders calculate borrowers' ability to repay their mortgage loans?
-
You are an audit manager in Fayre & Even, a firm of Chartered Certified Accountants. Your specific responsibilities include planning the allocation of professional staff to audit assignments. The...
-
What is the key reason why the A and B chains of insulin are made as fusion proteins with -galactosidase? a. To make purification easier b. To prevent their degradation c. To be secreted from the...
-
A manufacturer of heavy truck engines must develop an aggregate production plan, given the forecasts for engine demand shown below. The company currently has 13 workers and makes 130 engines per...
-
Prepare a table like Figure 13-12 for the following situation: The forecast is 80 units for each of the first two weeks and 60 units for each of the next three weeks. The starting inventory is 30...
-
Minco Inc. is a small company in Midway, Tennessee, which makes fused magnesia and silica.2 In the beginning of the 1990s, Mincos continuous improvement efforts led it to look for a capacity and...
-
How would Stephanies investing decisions be affected if she were 35 years old? If she were 50 years old? Amount of Insurance Needed. Considering the information in the previous problem, how much life...
-
Jamie Lee and Ross have been hearing many stories recently about acquaintances who are passing away without leaving a will, which made Jamie Lee and Ross anxious to review their estate plan with an...
-
What are the companys top risks, how severe is their impact and how likely are they to occur?
Study smarter with the SolutionInn App