Asked by Grace Ferreira on May 25, 2024
Verified
Your executive vice president has asked you to explain the basic notion of "skill blocks" within the context of skill-based pay systems design.What two variables would you emphasize?
A) different skills and depth of each skill
B) skill certification and criterion
C) key competencies and training requirements
D) broad banding and market value
Skill Blocks
Modular and progressive units of learning or competency development designed to build upon one's abilities or mastery of specific skills.
Skill-Based Pay
A compensation system where employees are paid based on their skills, expertise, and the complexity of the tasks they can perform, rather than just their job title or position.
Skill Certification
A formal process through which an individual's expertise in specific areas is recognized, typically through assessments or coursework.
- Comprehend the concept of skill-based pay systems and the importance of skill blocks.
Verified Answer
Learning Objectives
- Comprehend the concept of skill-based pay systems and the importance of skill blocks.
Related questions
Identify and Briefly Describe the Issues in Developing a Skill-Based ...
What Is a Disadvantage of Skill-Based Pay Systems ...
Heightened Homes Is a Real Estate Firm Based in Texas ...
__________ Is a System That Rewards People for Acquiring and ...
______ Is a Financial Incentive Awarded to Employees for Meeting ...