Which statement best describes the difference between pay for knowledge systems (PKS)and job-based pay systems?
A) Pay for knowledge systems involve basing pay on the capabilities of individuals,and job-based pay is based on the characteristics of the job.
B) Pay for knowledge systems are applied to managerial employees,and job-based pay is applied to operational-level employees.
C) Pay for knowledge systems are more widely used by Canadian firms than job-based pay systems,
D) Pay for knowledge systems involve low training costs and are easier to administer than job-based pay systems,

Question

Quizplus · Accepted Answer

Pay for knowledge systems are designed to pay employees based on the skills and knowledge they possess, while job-based pay systems pay employees for the specific responsibilities, skills, and experience required for a particular job. Therefore, pay for knowledge is based on individuals, while job-based pay is based on the job.

Which Statement Best Describes the Difference Between Pay for Knowledge