Asked by Amber Gilliam on Mar 10, 2024
Verified
To keep work interesting and provide higher compensation opportunities for your design engineers,you have created a compensation system that allows them to move from an entry level to an expert specialist level.What term is used to describe this system?
A) management pathing
B) technical ladder
C) competency-based
D) leader development
Technical Ladder
A career path within an organization that allows employees to advance in their technical skills and expertise without necessarily moving into management positions.
Design Engineers
Professionals who apply engineering principles to design products, systems, or processes, focusing on functionality, cost-effectiveness, and manufacturability.
Compensation System
A structured approach by employers to determine the pay and benefits of employees, including wages, salaries, bonuses, and commissions.
- Understand thoroughly the stages and considerations in developing a compensation strategy that is successful, incorporating legal, financial, and strategic angles.
Verified Answer
Learning Objectives
- Understand thoroughly the stages and considerations in developing a compensation strategy that is successful, incorporating legal, financial, and strategic angles.
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