Which of the following pays is similar to pay structures based on individual characteristics such as skill or knowledge but usually refers to a plan that covers exempt employees?
A)Internal equity pay
B)Market survey pay
C)Competency-based pay
D)Job-based pay
E)External equity pay

Question

Quizplus · Accepted Answer

One of the responses to job-based pay structure problems has been to move away from linking pay to jobs and toward building structures based on individual characteristics such as skill or knowledge. Competency-based pay is similar but usually refers to a plan that covers exempt employees (such as managers).

Which of the Following Pays Is Similar to Pay Structures