Question

Steve recommends that employees should be compensated according to their competencies, rather than their designations. Employees should be financially rewarded when they gain more knowledge and learn new processes that are relevant to the job, even if the employee is at a lower level. This implies that Steve favors a ________.
a. variable pay system
b. fixed pay system
c. profit-based pay system
d. skill-based pay system

Answer 1

Answer:

d. skill-based pay system

Explanation:

Skill-based pay system is when the amount paid to an employee is linked to the employees skills, education or knowledge.

The skill-based pay system pays employees for been proficient at their jobs and it encourages employees to gain more skills.