Which of the following base pay methods 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 best option for high-involvement firms as it rewards employees for acquiring and utilizing knowledge to improve performance and innovation. This method encourages continuous learning and skill development, which is essential in high-involvement firms where employees are expected to be proactive and contribute to the company's success. Market pricing, job evaluation, and broad banding are not as effective in promoting the type of behaviours needed in high-involvement firms.

Which of the Following Base Pay Methods Best Supports Behaviours