Skill/competency-based and market-based pay entirely eliminates the need for evaluating the worth of one job relative to others in the firm.

Question

Quizplus · Accepted Answer

While skill/competency-based and market-based pay systems focus on individual skills and external market factors, there still may be a need to evaluate the relative worth and importance of different roles within the organization in order to allocate resources and make strategic decisions.

Skill/competency-Based and Market-Based Pay Entirely Eliminates the Need for Evaluating