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) Homelife will be using the comparable worth method of determining pay to avoid legal problems.
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.
E) In an effort to save money, Homelife will be reducing the employee training budget over the next three years.
Correct Answer:
Verified
Q41: While laws exist to protect against discrimination
Q47: Direct financial payments may be based on
Q50: Because the minimum wage is set by
Q51: Performance-based pay is more popular than time-based
Q73: All of the following are typical forms
Q75: What is the primary purpose of offering
Q76: If the current rate being paid for
Q77: Which of the following terms refers to
Q101: The primary advantage of broadbanding is that
Q102: Advocates of competency-based pay assert that the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents