base pay
person based pay
skill based pay
positioned based pay
random
100

what form of pay is guaranteed regardless of performance?

Base Pay

100

what type of pay system rewards employees based on their skills and competencies?

person based pay 

100

define multiskilling (often used in skill-based pay systems)

acquiring new skills in multiple dimensions

100

how is position based pay determined for employees?

based on job content and responsibiliites 

100

what pay system rewards employees based on the job content rather than their skills and experience

position based pay 

200

name one motivational theory that explains how base pay satisfies employees needs

- Maslows hierarchy 

- Herzberg theory 

200

what are 'competencies' in terms of a person-based system?

combination of skills, knowledge and personal attributes 

200

What is the main difference between skill-based pay and competency-based pay?

Skill-based pay rewards specific learned skills, while competency-based pay focuses on broader behavioral attributes

200

in a positioned based pay structured role, what is the primary determinant of pay progression?

Seniority 

200

What is a key disadvantage of competency-based pay systems from an organization’s perspective?

The difficulty and cost of accurately measuring and assessing competencies

300

what are the three components of a total remuneration system?

base pay

benefits 

performance related pay 

300

what could be a potential challenge of pricing competencies in a person based pay system?

the difficulty associated with measuring and pricing behavioural competencies fairly and accurately 

300

What is a potential drawback of skill-based pay for employers?

Higher labour costs due to employees acquiring skills beyond what is needed for their role

300

How might position-based pay potentially limit employee development?

by tying pay progression to the job role rather than individual skills or competencies

300

What theory suggests that secure income helps prevent job dissatisfaction?

Herzberg’s two-factor theory

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