MANA 443 Lecture Notes - Lecture 6: Cultural Intelligence, Decision-Making, Equity Theory
13 Dec 2018
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Job-based pay structure: based on the value of the jobs , based on the skill and competency of the employees, what is the difference between skill & competency , person-based pay structure. Skill = task based (eg french written); something learned. Competency= broad knowledge (eg ability to communicate effectively), customer focused, leadership; mix of skills, knowledge and behavior: person-based pay, person-based pay is , linking pay to specific skills, abilities, and knowledge. Type of skill-based pay: definition . people are paid for the skills they are capable of performing, not the job they are performing at a particular point in time. Skill-based plans are typically categorized as breadth or depth plans: depth plans, additional pay increases (or movement to different pay grades) with each. Sometimes called specialist plans increase in skill level or knowledge depth. Sometimes called generalist plans range of jobs or tasks diff: ph. d.
