Reasons For Skill-Based Pay Show
More than ever before in industrial relations history a commonality of interests in the skills of employees has developed between employers and employees. Skills provide employees with a measure of protection against unemployment, as well as opportunities for higher earnings. At the same time, skills provide employers with an important means of achieving competitiveness. Many countries today are seeking to advance to more technology and skill-based industries, while others have become (or are becoming) 'post industrial societies, in which the application of knowledge determines productivity, performance and competitiveness. Comparative advantage based on. for instance, cheap labour or raw materials, has declined in importance relative to competitive advantage based on the ability to add value to a particular resource or advantage. Such comparative advantage partly (often largely) depends on people - their standards of literacy and education, work attitudes, value systems, skills and motivation.
For the more industrialized countries this means 'capturing' some of the key industries of the next century - microelectronics, biotechnology, new materials science industries, telecommunications, civil aviation, computers and software, robotics and machine tools and entertainment. Compensation Management
Variable pay Plans >>
[USA] Broadbanding An employee with skills is most flexible and productive when he develops a broad range of skills, is able to learn the next higher skill, develop analytical skills and is also able to work in a team. Important aspects of today's skills package include multi-skills, cognitive skills, interpersonal and communication skills, positive work attitudes and quality consciousness. Training is no longer only for current competence, but is also to prepare for the next stage of skills. Thus pay systems which promote current and future skills needs are increasing in importance among employers. The impact of rapid technological change, the increasing globalization of product markets, greater customer choice and the emphasis on quality necessitate a frequent updating of skills, and flexibility to respond to rapid changes in the requirements of markets. A flexible workforce, which is one that is multi-skilled, ensures that production is not interrupted due to the narrow skills of workers, and that workers are themselves responsible for the quality of products. Advantages Of Skill-Based Pay Among the advantages of skill-based pay are the following:
Facts [+] "Red-circling" refers to freezing a highly tenured or highly skilled employee's base pay in the event that the pay rate is above the established range maximum assigned to the job grade or classification. A red-circled employee is usually not eligible for further base pay increases until the top pay rate for their job grade/classification is increased. When a team is successful the members view it as caused by the team but when the team is unsuccessful members blame specific individuals for this failure this is known as?Terms in this set (81)
Which of the following is NOT a problem or bias with team member evaluations? Lack of time. When a team is successful, the members view it as caused by the team; but when the team is unsuccessful, members blame specific individuals for this failure. This is known as: Team halo effect.
When the group task is simple cooperation is necessary and the group tasks are sequential then this type of group is likely to be more productive?A homogeneous group is likely to be more productive when the group task is simple, cooperation is necessary, the group tasks are sequential, and quick action is required. A heterogeneous group is more likely to be productive when the task is complex, requires a collective effort, and demands creativity.
Why do younger workers seem to benefit from team environment?Why do younger workers seem to benefit from team environments? Teams give them freedom to grow and manage themselves.
Why does working in teams result in enhanced performance quizlet?teams make sense for that organization. Why does working in teams result in enhanced performance? Teams pool individual efforts in new ways and strive for continuous improvement.
|