Competency-based pay systems offer employers more flexibility but are less efficient than traditional job evaluation methods.

Name: Competency-based pay systems offer employers more flexibility but are less efficient than traditional job evaluation methods.
Brand: Quizplus
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Question

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Job evaluation is more efficient than competency-based pay systems. However, competency-based pay offers firms more flexibility because workers are compensated for their skills and knowledge rather than a specific job title.

Competency-Based Pay Systems Offer Employers More Flexibility but Are Less