Examlex
Which of the following approaches is used to obtain specific behavioral descriptions of a job?
Pay-for-Knowledge
A compensation strategy where employees are paid based on the skills, knowledge, and abilities they bring to their job, encouraging skill development and continuous learning.
Cafeteria Compensation
A flexible employee benefits plan allowing employees to choose from a variety of pre-tax benefits, akin to selecting from a cafeteria menu.
Piece Rate
A wage calculation method where an employee is paid a fixed rate for each unit produced or action performed.
Compensation
Refers to the total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required.
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