Asked by
Julissa Cabral
on Dec 10, 2024Verified
Under a skill-based pay plan, people are paid according to
A) their personal productivity.
B) the number of tasks they know how to perform.
C) their contribution to product or service quality.
D) how skillfully they can perform their main job function.
E) the goals which have been established through MBO.
Skill-based Pay Plan
A compensation strategy where employees are paid based on the skills and knowledge they possess, rather than their job position or title.
Productivity
The efficacy and efficiency with which input resources (such as time, labor, and materials) are converted into outputs, such as goods or services.
Service Quality
The assessment of how well a delivered service matches customer expectations, often a critical component of customer satisfaction in business.
- Become familiar with the workings of skill-based compensation systems and their impact on the financial aspects of training.
Verified Answer
JJ
Learning Objectives
- Become familiar with the workings of skill-based compensation systems and their impact on the financial aspects of training.