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Organizations that want to implement a high-performance work system will tend not to use traditional job descriptions in favour of using competency analysis.Outline the three reasons why competency analysis is preferred in a high-performance work system and given one example of a core competency.
Former CEO
An individual who previously held the chief executive officer position in a company, responsible for strategic decision-making and overall management.
Lump-sum Merit Pay
A one-time payment awarded to an employee for exceptional performance, rather than an ongoing salary increase.
Base Pay
The initial rate of compensation an employee receives, excluding any additional benefits, bonuses, or overtime.
Annual Merit Raise
An increase in salary given yearly based on an employee's performance evaluation.
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