At Lextronica Inc., salary and wages are tied to degrees earned and skills mastered. This is an example of
A) gain sharing.
B) pay-for-knowledge.
C) piece rate.
D) cafeteria compensation.
E) profit sharing.

Question

Quizplus · Accepted Answer

Pay-for-knowledge systems base pay on the level of education attained and the skills mastered. This rewards employees for their knowledge and skills and encourages them to continue learning and developing their skills.