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.Which of these reward systems is being applied by Steelweld?

Question

Quizplus · Accepted Answer

Skill-based pay plans are a specific variation of competency-based rewards in which people receive higher pay based on their mastery of measurable skills.At Steelweld, as employees learn to master more parts of the work process, they are paid a higher hourly rate.

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