Anna,a marketing manager,frequently takes development and training courses to learn new skills.Anna is financially rewarded by her employer each time she acquires a new capability.What type of compensation plan is most likely used by Anna's employer?
A) variable pay
B) skill-based pay
C) lump sum pay
D) competency-based pay

Question

Quizplus · Accepted Answer

D)Competency-based pay plans generally reward employees for acquiring job-related competencies,knowledge,or skills rather than for demonstrating successful job performance.Competency-based pay often refers to two basic types of person-focused pay programs: pay-for-knowledge and skill-based pay.These programs sometimes incorporate a combination of both types of person-focused pay systems,which reward employees for successfully acquiring new job-related knowledge or skills.

Anna,a Marketing Manager,frequently Takes Development and Training Courses to Learn