Fresh Munchables' engineering unit is trying to attract and retain employees with a niche skill set. The
Question:
Fresh Munchables' engineering unit is trying to attract and retain employees with a niche skill set. The compensation team spoke with the engineering manager and decided to create an ability-based pay system to attract qualified engineers. What should be the first step to create this system?
Define the individual characteristics that will allow a person to succeed as an engineer to create value for the organization.
Create the training and support structure because the basis of the system depends on it.
Select appropriate sources of information because it is essential to communicate desired skills and abilities to potential employees.
Define the different levels of each desired skill to create an appropriate basis for skill measurement.
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young