Instruck Inc.is a real estate firm based in Colorado.The company ensures that employees' pay is dependent on what they are capable of doing.The company also supports efforts to empower its employees by encouraging them to be independent and making decisions in various areas.This,in turn,ensures job enrichment.Based on this information,identify the pay structure being exemplified in this scenario.

Question

Quizplus · Accepted Answer

Skill-based pay systems are pay structures that set pay according to the employees' level of skill or knowledge and what they are capable of doing. Paying for skills makes sense at organizations where changing technology requires employees to continually widen and deepen their knowledge.