Read the following excerpt and answer the question that follows: The year 2022 was seen as "the most disruptive period" for pay practices. Driven by inflation, companies have been raising pay, changing pay models, and benchmarking pay "at a fevered pitch." In that vein, come 2023, it is "important to revisit pay practices in a systemic way". Every time a new person is hired, promoted, or moved, the pay system may need adjustment. Bersin shares: "While it’s tempting to develop a highly differentiated pay-for-performance model, our research shows this only works in some roles and some companies. Remember: every individual is part of the overall corporate 'system,' so beware of pay models that overfocus on the individual as the driver of performance." Considering the above, recommend, with sufficient justification, pay models that do NOT “overfocus on the individual as the driver of performance”. END
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QUESTION THREE
Read the following excerpt and answer the question that follows:
The year 2022 was seen as "the most disruptive period" for pay practices. Driven by
inflation, companies have been raising pay, changing pay models, and benchmarking pay "at
a fevered pitch." In that vein, come 2023, it is "important to revisit pay practices in a systemic
way". Every time a new person is hired, promoted, or moved, the pay system may need
adjustment.
Bersin shares: "While it’s tempting to develop a highly differentiated pay-for-performance
model, our research shows this only works in some roles and some companies. Remember:
every individual is part of the overall corporate 'system,' so beware of pay models that
overfocus on the individual as the driver of performance."
Considering the above, recommend, with sufficient justification, pay models that do NOT
“overfocus on the individual as the driver of performance”.
END
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