Which Statement Best Describes the Difference Between Pay for Knowledge
Which statement best describes the difference between pay for knowledge systems (PKS)and job-based pay systems?
A) Pay for knowledge systems involve basing pay on the capabilities of individuals,and job-based pay is based on the characteristics of the job.
B) Pay for knowledge systems are applied to managerial employees,and job-based pay is applied to operational-level employees.
C) Pay for knowledge systems are more widely used by Canadian firms than job-based pay systems,
D) Pay for knowledge systems involve low training costs and are easier to administer than job-based pay systems,
Your company offers you pay for time not worked,disability benefits,supplemental medical coverage,and a full range of free employee services.Which component of the compensation mix includes these items?
A) direct pay
B) base pay
C) indirect pay
D) performance pay
A particular organization wants to include in their compensation system some element of organizational performance linkage,while at the same time it wants to encourage employee commitment.In addition to base pay,what would most likely be included in this compensation mix?
A) merit pay
B) piece rates
C) profit sharing
D) targeted incentives
Why might employees prefer base pay over performance pay?
A) Performance pay is more predictable.
B) Base pay is directly related to their performance level.
C) They dislike uncertainty about their compensation.
D) Market conditions are always changing.