Skill-based pay systems reduce the differential in pay rates between managerial and non-managerial positions.

Name: Skill-based pay systems reduce the differential in pay rates between managerial and non-managerial positions.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Skill-based pay systems focus on the skills and competencies of employees rather than their job titles, which can lead to a reduction in pay differentials between managerial and non-managerial positions as non-managerial employees can earn more by acquiring additional skills.

Skill-Based Pay Systems Reduce the Differential in Pay Rates Between