Which of the Following Pay Strategy Dimensions Best Fits with a Business

question 8

Multiple Choice

Which of the following pay strategy dimensions best fits with a business strategy of concentration?

• A)Long-term time orientation
• B)Below-market short-term pay level
• C)Above-market benefits level
• D)Decentralization of pay decisions

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Definitions:

Behaviorally Anchored Rating Scale

is a performance appraisal method that uses specific descriptions of employee behaviors to rate performance on a scale, providing a more objective and concrete evaluation.

Likert Scale

A psychometric scale commonly used in questionnaires to gauge attitudes or responses, where participants indicate their level of agreement with a statement along a linear scale.

Contrast Error

An error in performance appraisals where an employee's evaluation is based on a comparison with another employee rather than on individual performance criteria.

Graphic Rating Scales

A method used in performance appraisals where employees are rated on a scale to evaluate their work performance.