Contemporary Topics in Compensation
Learning Objective 4
Explain the difference between competency-based and traditional pay plans.
How employers pay employees is evolving. In this section, we’ll look at five important contemporary compensation topics, competency-based pay, broadbanding, talent management, comparable worth, and board oversight.
Competency-Based Pay
Some question whether job evaluations’ aim to slot jobs into narrow cubbyholes (“Machinist I,”“Machinist II,” and so on) might not actually be counterproductive in high-performance work systems. Systems like these depend on flexible, multiskilled job assignments and on teamwork. There’s thus no place here for employees to say “That’s not my job.” Competency-based pay (and broadbanding, ...
Get Fundamentals of Human Resource Management, 5/e now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
