Swift

Gain-sharing compensation program

57. Skill-based pay compensates employees for the specific jobs they are performing in the organization.


ANS: F

Skill-based pay compensates employees for the skills they can use in the organization, rather than for the specific jobs they are performing.


58. More than 16 percent of the Fortune 1000 companies use skill-based pay programs to motivate employees.


ANS: T


59. The majority of the largest U.S. organizations use skill-based pay for some proportion of their blue-collar workers.


ANS: F

More than 16 percent of the Fortune 1000 companies use skill-based pay systems to motivate employees.




60. Skill-based pay programs are limited by the "topping out" effect.



ANS: T


61. Some organizations have resolved the problem of “topping out” in skill-based pay by installing a gain-sharing program after most employees have learned all the skills required.


ANS: T


62. Flexible benefit plans allow mangers to choose their employee’s pay raise each year, with some restrictions.


ANS: F

Flexible benefit plans allow employees to choose the benefits they want, rather than having management choose for them.

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