What type of pay system sets pay according to the employee's level of skill or knowledge and what they are capable of doing?
A) Broadbanding
B) Pay for individual performance
C) Competency-based pay system
D) Variable pay
E) Standard hour plan

Question

Quizplus · Accepted Answer

A competency-based pay system sets pay based on an employee's level of skill and knowledge and what they are capable of doing. This type of pay system rewards employees for developing competencies that are valuable to the organization, rather than just rewarding seniority or job titles.

What Type of Pay System Sets Pay According to the Employee's