Steve recommends that employees should be compensated according to their competencies, rather than their designations. Employees should be financially rewarded when they gain more knowledge and learn new processes that are relevant to the job, even if the employee is at a lower level. This implies that Steve favors a ________.
A) variable pay system
B) fixed pay system
C) profit-based pay system
D) skill-based pay system

Question

Quizplus · Accepted Answer

Steve favors a skill-based pay system, where employees are compensated based on their competencies and skills rather than their job titles or designations. This system rewards employees for acquiring new knowledge and skills and encourages continuous learning to improve their performance.

Steve Recommends That Employees Should Be Compensated According to Their