Competency-based pay is used to evaluate the skills and knowledge of professional workers.

Name: Competency-based pay is used to evaluate the skills and knowledge of professional workers.
Brand: Quizplus
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Quizplus · Accepted Answer

Competency-based pay is a method of compensation that assesses an employee's skills, knowledge, and capabilities instead of their job title or position within the organization. It is common in professional fields such as healthcare, IT, engineering, and finance.

Competency-Based Pay Is Used to Evaluate the Skills and Knowledge