Making pay
Article Abstract:
One-third of organizations have a 'competency-based' pay system or plan to have one within 1999. Competency-based pay involves a mixture of behaviors, attitudes and skills that employees need to perform their jobs effectively. Three general types of competency are identified. These include technical skills applicable to the particular occupation and core competencies, which can be applied to jobs within the organization. Core competencies also depict the organization's basic values which may include team-building and unity.
Publication Name: Engineering
Subject: Science and technology
ISSN: 0013-7782
Year: 1998
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Cost justified
Article Abstract:
A UK Institute of Personal Development report claims that personal management plays a key role in the bottom line of organizations. The report showed that personnel management influenced 19% of profitability variations between companies and 18% of variations in productivity. However, over two-thirds of companies had no personnel management strategies while only 6% are planning to develop training programs.
Publication Name: Engineering
Subject: Science and technology
ISSN: 0013-7782
Year: 1998
User Contributions:
Comment about this article or add new information about this topic: