Asked by
Jenea Ector
on Oct 16, 2024Verified
Which of the following is NOT a method used to determine employee base pay?
A) profit sharing
B) pay-for-knowledge
C) job evaluation
D) market pricing
Profit Sharing
An employee benefit scheme where a portion of a company's profits is distributed to the employees, strengthening their investment in the company's success.
Pay-for-Knowledge
A compensation strategy that rewards employees for acquiring and utilizing additional skills or knowledge that contribute to their job performance and organizational success.
Job Evaluation
The process of determining the relative value and importance of jobs within an organization to establish fair compensation levels.
- Understand the different techniques for setting base pay and their outcomes.
Verified Answer
RS
Learning Objectives
- Understand the different techniques for setting base pay and their outcomes.