Describe the approach of competency based pay

Assignment Help Business Management
Reference no: EM132942317

Traditional pay plans can backfire if a high-performance work system is the goal of an organization. A competency based pay plan is considered to be more effective in the organizations who want to improve the performance of employees. Describe the approach of competency based pay. Why the competency based pay should be used by organizations? Also explain the pros and cons of this approach.

Reference no: EM132942317

Questions Cloud

Calculate the dollar dividends on investment : Calculate the dollar dividends on investment. Tom purchased 2,000 shares of Disney for $144.12 per share one year ago. Today, sold shares for $148.80 per share.
Explain the types of dispute in logic : Explain the types of dispute in logic
Principles and techniques of negotiation : Identify at least five principles and techniques of negotiation that are needed to negotiate positive outcomes when maintaining effective work relationships.
Calculate the dividend yield on the investment : Calculate the dividend yield on this investment. Tom purchased 2,000 shares of Disney for $144.12 per share one year ago. Today, he sold his shares for $148.80.
Describe the approach of competency based pay : Traditional pay plans can backfire if a high-performance work system is the goal of an organization. A competency based pay plan is considered to be more effect
Calculate the total return percentage on the investment : Today, Tom sold his shares for $148.80 per share and received a dividend of $2.15 per share. Calculate the total return percentage on this investment.
Calculate the total dollar gain on the investment : Today, he sold his shares for $148.80 per share and received a dividend of $2.15 per share. Calculate the total dollar gain on this investment.
What is the balance of estimated warranty liability account : What is the balance of the Estimated Warranty Liability account as of December 31? On October 29, Lobo Co. began operations by purchasing razors for resale.
What is the shareholder theory of corporate social : What is the shareholder theory of corporate social responsibility that Milton Freidman advocates?

Reviews

Write a Review

Business Management Questions & Answers

  What is the probability that a randomly selected order

a) What is the probability that a randomly selected order will require more than three minutes?

  What is its times-interest-earned

Thomson Trucking has $13 billion in assets, and its tax ratio is 40%. Its basic earning power (BEP) ratio is 10%, and its return on assets (ROA) is 3%. What is its times-interest-earned (TIE) ratio? Round your answer to two decimal places.

  Political challenges of the chip

On the basis of your understanding about CHIP, 2 to 3 pg report in a Microsoft Word document on the political challenges regarding the CHIP.

  Models of exemplary supply chains

Both Walmart and Apple are held out as models of exemplary supply chains by our case writers.

  Different types of policies outside of the basic

Windows Server has numerous different types of policies outside of the basic group policy features examined during this topic.

  Question on investing and securities

As a new entrepreneur, you need to financially plan for your eventual retirement. What kinds of investments would you make? Why?

  Sources of innovation classified

Discuss the two (2) sources of innovation classified as knowledge push and need pull. Provide an example of each classification.

  Identify the factors that you think were present in the adm

Identify the factors that you think were present in the ADM case. Explain your answer and be specific.

  Issues result from underlying motivational problems

Write a 4 page paper APA formatted paper, using a minimum of three references, describing a motivational problem which hinders goal attainment.

  Explain one incident where this individual had

LDR/300- Explain one incident where this individual had to solve a difficult problem or situation because things did not go as planned. What lessons did she/he learn from being able to problem-solve even when what she/he had been taught did not wo..

  Compensation board that governs workers

The state workers' compensation board that governs workers' compensation for the state that your company resides andperforms all of its business in

  Establishing the ergonomics program

How to establish an ergonomics program to address the issues? What would be the greatest obstacles in establishing the ergonomics program?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd