A competency-based pay system rewards employees who are versatile and have continued to develop their skills.

Question

Quizplus · Accepted Answer

Competency-based pay systems focus on rewarding employees for their skills and abilities, rather than just their job title or length of service. This means that employees who continue to develop their skills and become more versatile will be rewarded with increased pay and opportunities for advancement.

A Competency-Based Pay System Rewards Employees Who Are Versatile and Have