One Advantage of Competency-Based Rewards Is That Measuring Employee Competencies

question 2

True/False

One advantage of competency-based rewards is that measuring employee competencies is mostly done through objective measurement methods.

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Definitions:

Consortium

A group of companies or institutions that collaborate together to undertake an enterprise or mission that is beyond the capabilities of any single member.

"Make" Tactic

A strategy where a company decides to produce its products in-house rather than outsourcing.

"Ally" Tactic

A strategy where individuals or groups support and stand up for those in less privileged positions or facing discrimination.

Greenfield Venture

Refers to a type of foreign direct investment where a parent company starts a new venture in a foreign country by constructing new operational facilities from the ground up.