Describe Pay-For-Knowledge Compensation Systems as They Relate to Competencies and Describe

question 8

Essay

Describe pay-for-knowledge compensation systems as they relate to competencies and describe what a pay-for-knowledge program should include.

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Definitions:

Goals

are defined objectives or targets that an individual, group, or organization strives to achieve.

Cognitive Component

Part of an attitude that encompasses beliefs, thoughts, and attributes about an object or situation.

Feeling

An emotional state or reaction that can derive from one's circumstances, mood, or relationships with others.

Status Difference

The variation in prestige, honor, respect, or social ranking among individuals or groups within a society or organization.