Aasia's organization uses a differentiation strategy.To encourage worker to bring knowledge,skills,and abilities to the job that can allow them to analyze problems and come up with creative solutions,the organization might adopt a(n)______ philosophy on compensation.
A) skill-based pay
B) above-market
C) at-market
D) competency-based pay

Question

Quizplus · Accepted Answer

Skill-based pay is a compensation philosophy that rewards employees for their demonstrated expertise and knowledge. This type of pay structure fits well with a differentiation strategy, which emphasizes innovation, creativity, and problem-solving. By incentivizing workers to bring their unique skills and abilities to the job, the organization can better differentiate itself from competitors and drive innovation.

Aasia's Organization Uses a Differentiation Strategy