A certain corporation ties its compensation for front-line operations managers to developing their skills in leadership, workforce development, and functional excellence. What is this sort of compensation scheme called?
A) job-based pay
B) training-based pay
C) individual merit-based pay
D) skill-based pay
E) development-based pay

Question

Quizplus · Accepted Answer

This type of compensation scheme is called skill-based pay, as it rewards employees for developing specific skills and knowledge related to leadership, workforce development, and functional excellence. It is different from job-based pay, which is based strictly on the duties and responsibilities of a particular job, and from individual merit-based pay, which is based on an employee's performance relative to others in their position. Training-based pay and development-based pay are not common terms for a compensation scheme.

A Certain Corporation Ties Its Compensation for Front-Line Operations Managers