Asked by Keiona Wedderburn on May 07, 2024
Verified
__________ is a system that rewards people for acquiring and developing job-relevant skills.
A) Entitlement pay
B) Gain-sharing pay
C) Merit pay
D) Skill-based pay
E) Expert pay
Skill-Based Pay
A compensation system where employees are paid based on the skills, knowledge, and abilities they bring to the job, regardless of their position or title.
Merit Pay
A system of compensation where employees are rewarded based on their performance, often evaluated through predetermined criteria.
Entitlement Pay
Financial compensation granted to employees based on their title, status, or seniority rather than their performance or productivity.
- Understand the qualities, strengths, and limitations of pay based on skill.
Verified Answer
Learning Objectives
- Understand the qualities, strengths, and limitations of pay based on skill.
Related questions
What Is a Disadvantage of Skill-Based Pay Systems ...
Heightened Homes Is a Real Estate Firm Based in Texas ...
______ Is a Financial Incentive Awarded to Employees for Meeting ...
Your Executive Vice President Has Asked You to Explain the ...
Identify and Briefly Describe the Issues in Developing a Skill-Based ...