Skill-based pay (SBP)systems base compensation on the skills or knowledge an employee possesses that are valued by the employer.

Name: Skill-based pay (SBP)systems base compensation on the skills or knowledge an employee possesses that are valued by the employer.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Skill-based pay systems reward employees for the range, depth, and types of skills or knowledge they possess, which are considered valuable by the employer, rather than the specific job they perform.

Skill-Based Pay (SBP)systems Base Compensation on the Skills or Knowledge