A competency based compensation program pays and rewards employees on the basis of ________.

Question

Quizplus · Accepted Answer

A competency-based compensation program pays and rewards employees based on their skills, knowledge, and behaviors. This approach is designed to foster a culture of continuous learning and development and to ensure that employees are compensated based on their ability to effectively perform their job duties rather than just years of service or other factors. Competencies may include technical skills, soft skills, and specific behaviors that align with the organization's goals and values.

A Competency Based Compensation Program Pays and Rewards Employees on the Basis