Skill-based pay assumes that workers should be paid according to how flexible or capable they are at performing multiple tasks.

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Skill-based pay is based on the assumption that workers should be paid according to their level of skill, knowledge, and ability to perform multiple tasks. This approach recognizes that some employees may have a broader range of skills and be able to perform a greater variety of tasks within their job, which should be reflected in their compensation. This is in contrast to traditional pay systems that often reward employees based on seniority or job title, rather than their actual job performance or skill level.

Skill-Based Pay Assumes That Workers Should Be Paid According to How