Which base pay method best supports behaviours needed by high-involvement firms?
A) market pricing
B) pay for knowledge
C) job evaluation
D) broad banding

Question

Quizplus · Accepted Answer

Pay for knowledge is the most suitable base pay method for high-involvement firms as it rewards employees based on their skills, expertise, and knowledge. This supports the behaviours needed by high-involvement firms which include continuous learning, innovation, and collaboration among employees. This method motivates employees to acquire new skills and knowledge, leading to better productivity and innovation within the organization. Market pricing, job evaluation, and broad banding are all useful but may not be as beneficial in promoting the behaviors needed by high-involvement firms.

Which Base Pay Method Best Supports Behaviours Needed by High-Involvement