Internal reward alignment - Study guides, Class notes & Summaries

C236 Compensation & BenefitsInternal Reward Alignment - answer The extent to which an organization's Total Rewards System aligns each employee's rewards with those received by others in the organization. Job-based approach - answer to internal reward alignment assumes that organizations provide rewards based upon the job that a person holds. Individual-based approach - answer assumes that rewards should be based upon the characteristics of the person holding a job. Performance-based a...

does compensation matter? correct answers -recent failed companies had labor costs higher than competition without corresponding in efficiency, quality, and customer service -successful companies had high pay -incentive plans reward people -how people are paid affects their behavior some people see pay as a measure of justice correct answers male/female earning differentials incentive pay correct answers -pay influences individual and aggregate motivation among the employees we have at ...

c236 PA & OCAWhich two approaches apply to internal reward alignment? Job-based approach and individual-based approach Which provision applies if a job is covered by the Fair Labor Standards Act? a. Employees' pay rates may be based on an employee's personal characteristics such as gender or age. b. Employers are exempt from paying the standard minimum wage and may set the wage they are willing to pay. c. Employees and independent contractors must be paid the same if they are pe...

An employee has worked for the same company in two locations over the course of 20 years in Europe and North America. The employee has been trained as an international trade specialist and has been promoted to manager of international operations. Which pay basis should be used to compensate this employee? YOUR ANSWER CORRECT ANSWER Merit-based pay Seniority-based pay Experience-based pay Competency-based pay 2. Which two approaches apply to internal reward alignment? Choose 2 answ...

Capability-Based Pay - -Skill-Based Competency-Based Seniority/Experience-Based (most common) Compentencies - -Knowledge, Skills, Traits Internal Reward Alignment - -How much Total Rewards System aligns employee's rewards with others' Job-based approach (title) Individual-based (characteristics) Performance-based (results) Job Evaluation - -Determine Value Decide pay rates & rewards structure Classification approach Job Comparison Point Factor Job (Value) Structure - -List of job...

Which two approaches apply to internal reward alignment? Job-based approach and individual-based approach Which provision applies if a job is covered by the Fair Labor Standards Act? a. Employees' pay rates may be based on an employee's personal characteristics such as gender or age. b. Employers are exempt from paying the standard minimum wage and may set the wage they are willing to pay. c. Employees and independent contractors must be paid the same if they are performing the same or ...

What is an essential component of collaborative team success? - Singular leadership. - The ability to overcome personal differences. - Equal generational representation. - Role similarities. - Answer- The ability to overcome personal differences. Model Concept T: Think Before You Speak A: Assert Yourself L: Listen to Others K: Konnect with Everyone - Answer- Suggested Strategy - Apply Socrates' Triple Filter Test. - Apply B.I.F.A - Behavior Impact Feeling Action - Apply the S....

MNG3701-Strategic Planning IIIA STUDY SUMMARY NOTES & EXAM PREP 2022. 1.1 SSTRATEGY Strategy can be defined as the direction provided by the actions and decisions of strategists in pursuit of organisational goals . It encompasses a set of actions an organisation takes to create competitive advantage. It is the longterm direction of the organisation – the things the business does, the paths it follows and the decisions it takes in order to reach certain goals. It provides members of the org...

WGU D048 Learning Checks What is an essential component of collaborative team success? - Singular leadership. - The ability to overcome personal differences. - Equal generational representation. - Role similarities. -The ability to overcome personal differences. Model Concept T: Think Before You Speak A: Assert Yourself L: Listen to Others K: Konnect with Everyone -Suggested Strategy - Apply Socrates' Triple Filter Test. - Apply B.I.F.A - Behavior Impact Feeling Action - Apply the ...

What is an essential component of collaborative team success? - Singular leadership. - The ability to overcome personal differences. - Equal generational representation. - Role similarities. The ability to overcome personal differences. Model Concept T: Think Before You Speak A: Assert Yourself L: Listen to Others K: Konnect with Everyone Suggested Strategy - Apply Socrates' Triple Filter Test. - Apply B.I.F.A - Behavior Impact Feeling Action - Apply the S.I.L.E.N.T. pri...