One Advantage of Competency-Based Rewards Is That Measuring Employee Competencies

question 2

True/False

One advantage of competency-based rewards is that measuring employee competencies is mostly done through objective measurement methods.

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Definitions:

Strategic Form

A representation of a game that summarizes the strategies and payoffs available to players.

Extensive Form

A way of representing a game in game theory, showing the sequence of moves and decisions, as well as the payoffs for each possible outcome in a tree format.

Subsequent Games

Games or rounds of play that follow an initial game, often with outcomes or strategies that depend on the results of prior games.

Reciprocity

A social norm that involves mutual exchange of privileges or goods among parties, expecting that the benefits given will be returned in the future.