During difficult economic times,firms are more likely to base pay on competencies rather than job evaluations.

Name: During difficult economic times,firms are more likely to base pay on competencies rather than job evaluations.
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A recent survey found that only about 12% of employers use skill-based pay and 13% use competency-based pay.In challenging economic times,the efficiencies of job evaluation sometimes outweigh the flexibility that comes with competency-based pay.

During Difficult Economic Times,firms Are More Likely to Base Pay