An organization can benefit from a properly designed and implemented competency-based pay system. Which is the main benefit of the system?
A)improved participative decision-making
B)greater workforce skills and knowledge
C)lower overall labour costs compared with other systems
D)employee expectations of career progression

Question

Quizplus · Accepted Answer

A competency-based pay system rewards employees for acquiring and demonstrating specific skills and knowledge that contribute to the organization's goals. This results in a more skilled workforce, which can increase productivity and improve the quality of work.

An Organization Can Benefit from a Properly Designed and Implemented