Asked by Dekia Mitchell on Jul 09, 2024
Verified
The system of pay which pays on the basis of the number of job skills acquired is called ________.
Skill-based Pay
A compensation system where an employee’s pay is based on the skills, capabilities, and knowledge they bring to a job, rather than the position they hold.
Job Skills
The expertise, abilities, and competencies that enable an individual to perform specific tasks and functions effectively in their professional role.
- Acquire knowledge on the functioning of skill-based remuneration schemes and their effect on training expenditures.
Verified Answer
CP
Learning Objectives
- Acquire knowledge on the functioning of skill-based remuneration schemes and their effect on training expenditures.
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