C236 Topic 7 Exam Questions And Actual Answers.

Capability-based - Answer When a reward system explicitly attempts to vary rewards based upon the capabilities of the employee reasons a corporation would want to incorporate individual-based pay into its Total Reward system - Answer -Creates a culture of learning -Builds a more flexible workforce -Allows the organization to build its capacity downside to a capability-based pay - Answer Wages and salaries paid to employees will rise In which industry is skill-based pay most often used? - Answer Manufacturing industry as recruited employees negotiate for higher salaries, they are more likely to receive such salaries if they have - Answer Greater work experience In a skill-based pay program: - Answer the wage rate or salary received by the employee depends upon the skills she possesses Competencies - Answer Configurations of knowledge, skills, and traits that enable employee performance Strategic management - Answer The definitions of criteria are all conceptually and empirically connected to employee, unit, and organizational outcomes Reliable measurement - Answer An employee's level of skill, competency, or experience can be measured consistently across employees and raters Transparent management - Answer The criteria for establishing a reward system should be easily understood and the processes for implementing the system should also be well documented and followed steps in creating a capability-based pay structure? - Answer -define skill -establish level definitions -select information sources