Asked by tarashay winters on Sep 23, 2024

verifed

Verified

In a skill-based pay system,

A) pay ranges are variable, depending on the type of job and pay grade width
B) pay administration is contingent upon the complexity of job evaluation and the pay allocation plan
C) pay is tied to personal competency levels
D) training is necessitated by need rather than employee desire for training
E) all of the above are true

Skill-Based Pay System

A compensation strategy where employees are paid based on the skills, knowledge, and capabilities they bring to their job, rather than their job title or position alone.

Pay Ranges

The spectrum of compensation an employer is willing to offer for a specific job, measured from minimum to maximum, based on factors like experience and skill level.

Personal Competency Levels

The range of skills, knowledge, and abilities that an individual possesses, which can contribute to their performance and success.

  • Understand the function of competency-based remuneration models and their effect on worker compensation.
verifed

Verified Answer

RA
Regina Andriani6 days ago
Final Answer :
C
Explanation :
In a skill-based pay system, pay is tied to personal competency levels. While pay ranges may be variable and pay administration may depend on job evaluation and pay allocation, the key aspect of skill-based pay is that it rewards employees for acquiring and demonstrating specific skills, rather than just holding a particular job title or role. This incentivizes employees to actively pursue training and development opportunities in order to increase their pay and further develop their skills.