Music Of New Millenium

This essay has a total of 416 words and 4 pages.

Music of new millenium

Competencies are one of several factors, including performance results in determining annual pay adjustments.

What Is Competency-Based Pay?
Valuing the how (high impact behaviors) of performance as well as the what (results).
Reinforcing high impact behaviors through pay delivery.
Critical to success, but a bad place to start; a good place to continue.

Competency Based Systems
Necessary for Top Performance but not Sufficient to Guarantee it
Personal Attributes and Behaviors that Predict Longer-Term Success

Aligning Work Value and Pay
Knowledge Skills Abilities
Base Salary
Incentive Pay
Merit Pay

What Does it Measure?
Job measurement is designed to calibrate organization roles. One compared to another.
Focus is on the job, not the person in the job. The person is very important to us, but how the person is performing in the job comes later.
The most critical feature of a job is what are its outputs. What are we asking the job to do for the organization.

Compensation Basics
Compensation system design is not just about how much you pay but the relative relationship between roles and pay.
When it comes to compensation, individuals are rarely objective about the impact of their own role or performance in that role.
People, by nature, like to keep track of their career progress. Titles are important. Organization status i

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