If Possible What Is the Most Effective Way to Deal

question 2

Multiple Choice

If possible what is the most effective way to deal with your red-circled employees who are performing very well?

• A) Freeze their pay at their current level until salary scales catch up.
• B) Reduce their pay to the maximum of the job's pay range.
• C) Add temporary duties to their jobs that would justify their current pay level.
• D) Offer a buyout severance package.

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Definitions:

Standard Error

The typical variability or spread in the sampling distribution of a statistic, most commonly the mean, is referred to as the standard deviation.

T-statistic

The t-statistic is a ratio calculated from the difference between a sample mean and a population mean, divided by the standard error of the mean.

Null

Often refers to a hypothesis which assumes no significant difference or effect in a statistical analysis.

Alpha

In statistics, the threshold probability of wrongly rejecting the null hypothesis, typically set at 0.05.