As HR director,you are discussing the implementation of a competency-based compensation system with the company's CEO.You point out that in order for the competency system to be effective
A) the company must place its base pay in the third quartile.
B) the company's pay structure must be broad-banded.
C) the company must invest heavily in employee training programs.
D) the company must implement work teams.

Question

Quizplus · Accepted Answer

Competency-based compensation systems require a significant investment in employee training programs to develop the skills and competencies that the system rewards. This ensures employees have the opportunity to enhance their competencies, which in turn can lead to higher pay under such a system.

As HR Director,you Are Discussing the Implementation of a Competency-Based