A producer of mobile aerial work platforms rewards employees for the number of basic skills they can perform rather than for the jobs to which they are assigned. Prior to initiating this system, pay increases were based on a merit system. The merit system is still in effect; however, the new program emphasizes continued acquisition of new skills. The company uses .
A) hourly wages
B) gainsharing
C) piecework
D) retained earnings
E) skill-based pay

Question

Quizplus · Accepted Answer

The company is using a skill-based pay system, where employees are rewarded for acquiring new skills rather than being paid based on their job or performance. The merit system is still in effect, but the emphasis is on continuous skill development. Therefore, skill-based pay is the best choice.

A Producer of Mobile Aerial Work Platforms Rewards Employees for the Number