At a Broad Level,a(n)_____ Includes Anything an Employee Values and Desires

question 39

Multiple Choice

At a broad level,a(n) _____ includes anything an employee values and desires that an employer is able and willing to offer in exchange for employee contributions.

• A) competency-based pay system
• B) employee stock ownership plan
• C) organizational reward system
• D) merit-pay method

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Definitions:

Seiko Instruments

A company known for its precision instruments, including watches and electronic devices, emphasizing innovation and quality in manufacturing.

Reward's Plan

A structured approach to recognizing and compensating individuals or teams for their contributions and achievements.

Profit-Sharing Program

A company incentive plan in which employees receive a portion of the company's profits, enhancing motivation and loyalty.

Skill-Based Pay Plan

A compensation system that determines employees' pay rates based on their skills, knowledge, and abilities rather than their job position or title.