Which of the following pay structures would a company adopt if it wanted a pay structure that rewards employees based on their knowledge and competency?
A)Delayering approach
B)Skill-based pay approach
C)Pay grade approach
D)Market survey data approach
E)Pay policy line approach

Question

Quizplus · Accepted Answer

The skill-based pay approach is designed to reward employees based on their knowledge and competency, as opposed to other factors like seniority or job title. This approach evaluates an employee's skill set and expertise and pays them accordingly.

Which of the Following Pay Structures Would a Company Adopt