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Jenea Ector
on Oct 16, 2024

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Which of the following is NOT a method used to determine employee base pay?

A) profit sharing
B) pay-for-knowledge
C) job evaluation
D) market pricing

Profit Sharing

An employee benefit scheme where a portion of a company's profits is distributed to the employees, strengthening their investment in the company's success.

Pay-for-Knowledge

A compensation strategy that rewards employees for acquiring and utilizing additional skills or knowledge that contribute to their job performance and organizational success.

Job Evaluation

The process of determining the relative value and importance of jobs within an organization to establish fair compensation levels.

  • Understand the different techniques for setting base pay and their outcomes.
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Rakshita SomaniOct 17, 2024
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