Asked by
Souhail Talbyne
on Oct 24, 2024
Verified
Skill-based pay plans pay people for the particular job assignment they hold rather than the mix and depth of skills they possess.
Skill-Based Pay Plans
Compensation systems that reward employees for acquiring and applying specific skills or knowledge.
Job Assignment
The process of allocating specific tasks, duties, and responsibilities to employees as part of their roles within an organization.
- Identify the pros and cons of skill-based and gain-sharing reward systems.
Verified Answer
DJ
Learning Objectives
- Identify the pros and cons of skill-based and gain-sharing reward systems.
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