Steelweld, a car parts manufacturer, pays employees a higher hourly rate as they learn to master more parts of the work process.Employees earn $10 per hour when they are hired and they can earn up to $20 per hour if they master all 12 work units in the production process.Steelweld is applying which of these reward systems?

Question

Quizplus · Accepted Answer

Steelweld is paying employees based on their skill level and their ability to master different parts of the work process. This aligns with the concept of skill-based pay, where employees earn higher wages as they acquire new skills and knowledge.

Steelweld, a Car Parts Manufacturer, Pays Employees a Higher Hourly