Which of the Following Statements Is True of Competency Models

question 9

Multiple Choice

Which of the following statements is true of competency models?

• A) They are useful for a variety of HRM practices, not just training and development.
• B) They provide a tool for determining what skills are necessary to meet current and future needs.
• C) They provide common criteria for identifying appropriate training activities for employees.
• D) All of the above

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Definitions:

FICA Taxes

Taxes mandated by the Federal Insurance Contributions Act, which fund Social Security and Medicare, collected from both employers and employees.

FUTA Taxes

Federal Unemployment Tax Act taxes, which are payroll taxes paid by employers to fund the government’s unemployment benefits.

SUTA Taxes

State Unemployment Tax Act taxes, which are state unemployment insurance contributions that employers must pay to provide unemployment benefits to workers who have been laid off.

Gross Pay

The total amount of salary or wages earned by an employee before any deductions are made.