John works at a company that uses a variety of heavy machines.John knows how to operate three of the machines,and if he learns how to use another one,his pay will increase.Which type of compensation plan is most likely used by John's employer?
A) variable pay
B) invariable pay
C) lump sum pay
D) skill-based pay

Question

Quizplus · Accepted Answer

D)Skill-based pay is a system that compensates employees for their job-related skills and knowledge,rather than his or her present job.The system assumes that employees who know more are more valuable to the firm and,therefore,they deserve a reward for their efforts in acquiring new skills.

John Works at a Company That Uses a Variety of Heavy