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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
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