January 2015
Beginner
480 pages
32h 52m
English
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.
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, ...