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Questions and Answers
What type of compensation system is based on the amount of output an employee produced during the pay period?
What is reflected by the horizontal skills in a knowledge-based pay system?
What has reduced the popularity of individual incentive plans?
What does job design involve?
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What is reflected by the depth skills in a knowledge-based pay system?
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Study Notes
Compensation Systems
- A piece-rate system is based on the amount of output an employee produced during the pay period.
Knowledge-Based Pay System
- Horizontal skills in a knowledge-based pay system reflect the range of activities an employee can perform.
Individual Incentive Plans
- The popularity of individual incentive plans has been reduced by the difficulty of measuring individual performance in team-based environments.
Job Design
- Job design involves determining the tasks, duties, and responsibilities of a job, as well as the relationships between jobs.
Knowledge-Based Pay System
- Depth skills in a knowledge-based pay system reflect the level of expertise an employee has in a particular area.
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Description
Test your knowledge of compensation systems and their impact on the quality of work life in this quiz. Explore time-based and output-based systems, as well as individual and group incentives.
