Asked by tarashay winters on Sep 23, 2024
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.
Verified Answer
Learning Objectives
- Understand the function of competency-based remuneration models and their effect on worker compensation.
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