Asked by Jamie Wilson on May 08, 2024
Verified
Skill based pay rewards employees based on the entire organization's performance.
Skill Based Pay
A compensation system where employees are paid based on the skills, knowledge, and abilities they apply in their work.
Organization's Performance
The overall effectiveness and achievement of a company's objectives, often evaluated through financial, operational, and strategic metrics.
- Understand the benefits and drawbacks of skill-oriented and gain-sharing compensation models.
Verified Answer
ZD
Zherica DavisMay 12, 2024
Final Answer :
False
Explanation :
Skill based pay rewards employees based on their individual skills and performance, not the performance of the entire organization.
Learning Objectives
- Understand the benefits and drawbacks of skill-oriented and gain-sharing compensation models.
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