When a Pay System Links the Attainment of Certain Goals

question 26

Multiple Choice

When a pay system links the attainment of certain goals or achievements directly to the employee's pay, a _____ is being used.

• A) going rate model
• B) competency-based system
• C) management fit model
• D) skill-based pay system
• E) variable pay system

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Definitions:

Concurrently

Doing multiple tasks or processes at the same time, often in the context of computing or project management.

Implementation Phase

is the stage in a project or strategy where plans are put into action or executed, following the planning stages and leading to the operational use of a product or system.

Planning Phase

The stage in a project or process during which objectives are set, strategies are developed, and tasks are defined.

Marketing Strategy

A comprehensive plan designed to achieve marketing objectives, such as increasing brand awareness, targeting specific audiences, and boosting sales.