A Mid-Sized City Introduced a Reward System Whereby Employees Would

question 71

Multiple Choice

A mid-sized city introduced a reward system whereby employees would find ways to reduce costs and increase work efficiency.Every employee would receive a portion of the surplus budget resulting from these cost savings.This city is using:

• A)a gainsharing plan.
• B)a commission system.
• C)a piece-rate plan.
• D)a share option plan.
• E)None of the answers apply.

Recognize the significance of respecting different religious principles in global business ethics.

Grasp the role of laws and acts, such as the Fraud Reduction and Data Analytics Act, in institutionalizing ethics within federal and corporate practices.

Understand the value and impact of corporate social responsibility on a business's reputation and societal expectations.

Evaluate the ethical considerations involved in using online information for job applicant evaluation.

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Definitions:

Skills-based Pay

A compensation system that rewards employees for the range, depth, and types of skills and knowledge they are capable of using in their work, rather than their job title or position.

Knowledge Program

A structured plan or initiative aimed at knowledge management, including the creation, sharing, and utilization of knowledge within an organization.

Job-relevant Skills

Abilities or expertise that are directly applicable and essential for performing specific tasks or duties within a job role.

Organisational Behaviour Modification

The systematic use of principles of behavior analysis to change and improve individuals' actions within an organizational setting.