Business, 27.10.2020 19:10 mariaherving55

PLEASE HELP!! 1. Which of the following actions would you most likely expect after implementing a competency-based pay plan at your company?

trainers focusing on better orienting workers

managers seeking transfers to more valued areas

employees pursuing training to update skills

recruiters focusing more on decision-making skills

2. Profit sharing is

a process by which companies help their employees start their own businesses.

a benefit plan that is reserved for senior-executive officers.

a plan by which employees receive a portion of an organization’s profits.

3. a method of reducing an organization’s operating costs.

While pay-for-performance plans are dependent on results, competency-based plans are dependent on

rapport.

productivity.

skills.

job.

4. Miguel works as an insurance salesman, and is paid based on the number of sales he makes. He receives 10 percent of every sale, but receives no other money from his employer. Miguel is paid according to a(n) plan.

individual

commission

salary

combination

5.

Lorna works as a shoe salesperson at a major department store. She earns $8 an hour but also gets 10 percent commission on each pair of shoes she sells. Lorna is being paid according to a

combination plan.

at-risk variable pay plan.

commission plan.

profit-sharing plan.

6. What is an advantage of using a competency-based pay plan?

Salaries are easy to calculate.

Employees tend to work harder.

Employees are rewarded for staying with the company.

It is cheaper than other plans.

7. are payments made to executives who are leaving the company based on a change in company ownership.

Commissions

Stock options

Guaranteed loans

Golden parachutes

In a(n) pay program, employees are paid according to their skills and knowledge, rather than the job titles that they hold.

incentive

commission

salary

competency-based

9. QXR Financial Services has decided to phase out its competency-based pay plan because it has become too difficult to maintain. Which of the following is most likely to increase?

salary

training

absenteeism

grievances

10.

Based on the description of competency-based programs, which of the following employees would you least expect to be paid in this manner?

teacher

chief human resources officer

computer technician

nurse

Answers: 2

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