Skill-Based Pay Plans

question 73

Multiple Choice

Skill-based pay plans:

• A)discourage employees from learning new jobs.
• B)create a psychological distance between employees and managers.
• C)discourage poor performers from leaving the organization.
• D)can be expensive because they motivate employees to spend more time learning new jobs.
• E)All of the answers are correct.

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Definitions:

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The network of manufacturers, suppliers, and logistics providers involved in producing, handling, and distributing goods or services from raw materials to end consumers.

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The process of assessing the viability, stability, and profitability of a project or business through analyzing financial statements and other key financial indicators.

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The state of having insufficient knowledge about present conditions or future events, impacting decision-making and planning.