Asked by
Jamie Portier
on Oct 24, 2024
Verified
Which of the following statements is NOT correct with regard to skill-based pay?
A) Although it has popular appeal, it is a fairly slow-growing pay innovation.
B) Skill-based pay compensates people for the mix and depth of skills they possess.
C) A potential advantage of skill-based pay is flexibility.
D) A potential disadvantage of skill-based pay is higher training costs.
E) A potential advantage of skill-based pay is employee cross-training.
Skill-Based Pay
A compensation system that determines pay levels based on the skills or proficiency levels employees achieve.
Training Costs
Expenses associated with developing and delivering training programs to improve employee skills and knowledge.
Flexibility
The ability to adapt to changes, pivot strategies, or alter plans in response to new information or unexpected circumstances.
- Recognize the characteristics, advantages, and disadvantages of skill-based pay.
Verified Answer
JM
Learning Objectives
- Recognize the characteristics, advantages, and disadvantages of skill-based pay.
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