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Chapter #6

Chapter #6. Person-Focused Pay. Person- based pay rewards for acquired job skills. . Two types of Competency-based Pay for knowledge Skill based pay Horizontal skills Vertical skills Depth of skills. What is Compency ?. What are core competencies? McDonalds?

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Chapter #6

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  1. Chapter #6 Person-Focused Pay

  2. Person- based pay rewards for acquired job skills. • Two types of Competency-based • Pay for knowledge • Skill based pay • Horizontal skills • Vertical skills • Depth of skills

  3. What is Compency? • What are core competencies? • McDonalds? • Federal; Express • General electric • How do we know?

  4. Types of Pay-For- knowledge pay programs. • Stair- step model #113 • Ee pay is increase to next level for perfecting new skills through training all in same type of job family. • Skill blocks model • Same as above except that ee can jump more than one pay block at a time. • job point accrual model • Ee can learn skills in different job families

  5. Person based pay vs. job-based pay look #138 • Which do you think is most effective? • Which do you think is most compliant? • Pay for knowledge programs • What are the dis/advantages to ERS • What are the dis/advantages to EEs

  6. Class Exercise • Do an advance Yahoo search • Person focused pay • Performance based pay

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