What Is SAI and What Do the Letters Stand For

question 25

Essay

What is SAI and what do the letters stand for?

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Definitions:

Group-based Incentive System

A reward system where incentives are given to a group of employees based on their collective performance.

Knowledge-based Pay Plan

A compensation strategy where employees are paid based on their skills, knowledge, and abilities, rather than their job title or position.

Skill Variety

The degree to which a job requires a variety of different activities that involve the use of a number of different skills and talents of the person performing the job.

Motivation

Motivation refers to the processes that account for an individual's intensity, direction, and persistence of effort toward attaining a goal.