Define pay-for-knowledge based systems

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Reference no: EM132925453

1. Is it fair to factor in employee self-ratings in 360-degree performance appraisal when we know that these appraisals tend to be inflated?

2. Explain how to ensure that the performance appraisal process is carried out ethically and without violating human rights laws.

3. Explain how to handle a defensive employee in a formal appraisal discussion

4. Define Pay-for-knowledge based systems

5. What should employers do when there is a shortage of a certain type of skill and they cannot attract any workers unless they pay a market rate above the maximum of their salary range for that job? How should other jobs (without a skill shortage) in the same company in the same salary range be paid?

6. Is it ethical to provide potentially large bonuses to managers and executives on a purely discretionary basis, not necessarily related to performance?

7. Is it right that CEOs earn enormous amount of money when most employees are getting small increases each year (sometimes even less than inflation)?

8. What are the five components of Total Rewards?

9. Explain the intention of pay equity of legislation.

10. In your view, what is a key reason employee incentive plans do not succeed?

Reference no: EM132925453

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