Describe a reward system that would best motivate employees to learn several jobs. Identify potential disadvantages of this reward system.
What will be an ideal response?
The best type of reward system to motivate employees to learn more jobs is a competency-
based reward system and, in particular, a skill-based pay (SBP) plan. In a skill-based pay
plan, employees earn higher pay rates with the number of skill modules they have mastered,
even though they perform only one job at a particular time. Competency-based rewards
motivate employees to learn new skills. This tends to improve organizational effectiveness by
creating a more flexible workforce; more employees possess multiple skills and can perform a
variety of jobs, and they are more adaptive to embracing new practices in a dynamic
environment. However, competency-based pay plans have not always worked out as well as promised by their advocates. They are often over-designed, making it difficult to communicate these plans to employees. Skill-based pay systems measure specific skills, so they are usually more objective. However, they are expensive because employees spend more time learning new tasks.
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Which of the following transactions would create a deferred tax liability on foreign income?
A. A foreign-based company sells its products to customers in the U.S. B. A U.S. company earns income in a foreign country that it does not expect to repatriate back to the U.S. C. A U.S. company sells its products in a foreign country. D. A U.S. company earns income in a different country and pays the foreign government an income tax less than the U.S. corporate tax rate.
Which of the following is NOT true regarding the speech of presentation?
a. You should avoid overpraising the recipient. b. While you are speaking, you are the star. c. The audience should be convinced that the participant deserves the award. d. You should express sincere appreciation for the honoree’s accomplishments.
The net present value (NPV) method evaluates an investment by calculating the present values of all after-tax total cash flows and then subtracting the original investment amount from their total
Indicate whether the statement is true or false
A graphical representation of the steps and operations in a process is a:
A) cause-and-effect. B) flow chart. C) root cause. D) Pareto.