As HR Director,you Are Discussing the Implementation of a Competency-Based

question 115

Multiple Choice

As HR director,you are discussing the implementation of a competency-based compensation system with the company's CEO.You point out that in order for the competency system to be effective

• A) the company must place its base pay in the third quartile.
• B) the company's pay structure must be broad-banded.
• C) the company must invest heavily in employee training programs.
• D) the company must implement work teams.

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Definitions:

Depository Institutions Deregulation and Monetary Control Act

A 1980 United States federal law that deregulated banks and other depository institutions to help improve the Federal Reserve's control over monetary policy.

Fed's Legal Reserve Requirements

The minimum reserves each bank must hold to customer deposits and notes, as mandated by the Federal Reserve.

Reserve Requirement

The amount of funds that a bank must hold in reserve against deposits made by its customers, a regulatory measure to ensure banks can meet withdrawal demands.

Deposit Multiplier

The ratio that measures the potential impact of a change in banking reserves on the money supply, indicating how much money banks can create with each dollar of reserves.