Refer to Scenario 9.1. Given that these employees are skilled-based/knowledge workers, which of the following is a more effective way to compensate them?

A) piece rate pay system
B) hourly rate based on task completed
C) salaried employee system
D) competency-based pay system

Question

Parveen Verma · Accepted Answer

Final Answer : D, Explanation :  Competency-based pay systems are more effective for knowledge-based workers because they reward employees for their skills, knowledge, and contributions to the company, rather than just the hours worked or tasks completed. This aligns better with the nature of their work and their perception of their value to the company.

Refer to Scenario 9.1. Given that these employees are skilled-based/knowledge workers, which of the following is a more effective way to compensate them?

A) piece rate pay system
B) hourly rate based on task completed
C) salaried employee system
D) competency-based pay system

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Learning Objectives

Learning Objectives

Related questions

Refer to Scenario 9.1. Given that these employees are skilled-based/knowledge workers, which of the following is a more effective way to compensate them?A) piece rate pay systemB) hourly rate based on task completedC) salaried employee systemD) competency-based pay system

Definitions

Learning Objectives

Learning Objectives

Related questions

Refer to Scenario 9.1. Given that these employees are skilled-based/knowledge workers, which of the following is a more effective way to compensate them?

A) piece rate pay system
B) hourly rate based on task completed
C) salaried employee system
D) competency-based pay system