A Major Criticism of Competence-Based Pay Systems Is That After

question 79

True/False

A major criticism of competence-based pay systems is that after achieving the top wage, employees may be reluctant to continue their educational training.

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Definitions:

Balanced Scorecard Performance Perspectives

A strategic planning and management system that organizations use to communicate what they are trying to accomplish, align day-to-day work with strategy, prioritize projects, products, and services, and measure and monitor progress towards strategic targets.

Qualitative Performance Metrics

Measures used to evaluate the quality aspects of an organization's performance, such as customer satisfaction or employee engagement, that are not easily quantified.

Measure Map

Arrows added to the balanced scorecard showing the expected relationships among performance metrics.

BSC Initiative

A strategic planning and management system that organizations use to communicate what they are trying to accomplish, align the day-to-day work that everyone is doing with strategy, prioritize projects, products, and services, and measure and monitor progress towards strategic targets.