Question

A producer of mobile aerial work platforms rewards employees for the number of basic skills they can perform rather than for the jobs to which they are assigned. prior to initiating this system, pay increases were based on a merit system. the merit system is still in effect; however, the new program emphasizes continued acquisition of new skills. the company uses ____.

Answer 1

The company uses skill-based pay. The skill-based pay is the most widely-implemented salary system, in which the salary is defined based the knowledge, experience, education or specialized training of the employee. The greater the number or depth of skills an employee acquires and applies the bigger the pay.