Solved

Homelife,a National Chain of High-End Furniture Stores,employs Nearly 800 Workers

Question 83

Multiple Choice

Homelife,a national chain of high-end furniture stores,employs nearly 800 workers.In the past few years,the company's market share has dropped significantly,and employee turnover has increased.Upper management is considering the implementation of a new compensation policy in its efforts to turn the company around.Historically,the company has paid all employees similarly with some variation for seniority but no distinction between high and low performers. Which of the following,if true,supports the decision by Homelife executives to implement competency-based pay?


A) In an effort to save money,Homelife will be reducing the employee training budget over the next 3 years.
B) Most Homelife managers are men,but executives hope to increase the number of minority women working for the company.
C) Homelife sales associates currently receive base salaries in addition to sales commissions,but they have monthly sales quotas.
D) Homelife plans to organize employees into teams,provide regular training,and frequently assess workers' skills and knowledge.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents