Competency-based pay,in contrast to skill-based pay,is a practice that has been shown to be highly beneficial over the years.

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Competency-based pay and skill-based pay are both compensation strategies, but the effectiveness of each can vary depending on the organization and context. There is no definitive evidence that competency-based pay is universally more beneficial than skill-based pay.

Competency-Based Pay,in Contrast to Skill-Based Pay,is a Practice That Has