Question: Which compensation approach involves paying employees based on the knowledge, skills, and competencies they bring to the job? a . Seniority - based pay b

Which compensation approach involves paying employees based on the knowledge, skills, and competencies they bring to the job?
a. Seniority-based pay
b. Competency-based pay
c. Team-based pay
d. Commission-based pay
Which compensation approach involves paying employees based on the knowledge, skills,

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Q3 (a) Describe the concept of diversification. (b) (4 marks) You are considering the following investments. The current rate on Malaysian Treasury Bills is 3.3 percent, and the expected return for...

Q:

Chapter 9 Compensation and Incentives Diane Bigda/Photodisc/Getty Images Learning Objectives After reading this chapter, you should be able to do the following: Discuss various psychological...

Q:

What are the reasons companies adopt such person-focused pay programs? The main reason the person-focused pay method was developed and implemented is to "set pay based not on your connections but...

Q:

Case Study: Questions: 1) Select and justify 8 10 firms to use as appropriate comparators to calibrate pay to the market. Include a detailed rationale for selecting each company by using a table of...

Q:

Individual based approach refers to the compensation approach whereby employees who have high levels of skills, knowledge and competencies are rewarded with additional pay. Skills is acquired and...

Q:

Question 1 Morality is Select one: A. Universal and basic to human relationships. B. Established by the common law. C. The system that protects property and people. D. The application of ethics to...

Q:

1.Support function that designs and implements company policies for managing employees: A. Work Design B. HR manager C. HR department D. Organizational culture 2. Which of the following is not one of...

Q:

strategic staffing 4thedition by philips.. chern' s case study APPENDIX Strategic Staffing at Chern's: A Case Study CHERN'S COMPANY HISTORY AND ORGANIZATION Siblings Ryan and Ann Chern founded...

Q:

QUESTION 1 requires that employees actually learn the content of the training program and that the necessary conditions are in place for employees to apply what they learned. 1. Simulation 2....

Q:

PROMPT: In response to Anthony's post, further the discussion by comparing and contrasting your initial post to Anthony's. Support your response with scholarly citation sources. Anthony's post Hi...

Q:

please answer those question from the case study Describe what is meant by motivation. What types of non-financial reward might a company use to motivate employees? Describe the effects of an...

Q:

A long line carrying a uniform linear charge density + 50.0 C/m runs parallel to and 10.0 cm from the surface of a large, flat plastic sheet that has a uniform surface charge density of -100 C/m2 on...

Q:

Crew members attempt to escape from a damaged submarine 100 m below the surface. What force must be applied to a pop-out hatch, which is 1.2m by 0.60 m, to push it out at that depth? Assume that the...

Q:

12210. If the truck travels at a constant speed of vT = 1.8 m>s, determine the speed of the crate for any angle u of the rope. The rope has a length of 30 m and passes over a pulley of negligible...

Q:

Bond X is noncallable and has 20 years to maturity, a 9% annual coupon, and a $1,000 par value. Your required return on Bond X is 12%; if you buy it, you plan to hold it for 5 years. You (and the...