When Employees Are Paid According to the Skills and Knowledge

question 79

True/False

When employees are paid according to the skills and knowledge they have rather than the specific jobs they perform, they are paid according to competency-based compensation.

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Definitions:

Class Action

A lawsuit filed by one or more plaintiffs on behalf of a larger group of people who are similarly affected by the same issue.

Representative Plaintiff

An individual in a class action lawsuit who represents the interests of the class members and whose experience typifies the grievances of the whole class.

Named Plaintiff

A named plaintiff is an individual who brings a lawsuit or is named in a legal action on behalf of a group in a class action lawsuit, representing the interests of the members of the class.

Lead Plaintiff

A representative party in a class-action lawsuit who has a significant interest in the outcome and leads the litigation process.