There May Be More Opportunities for Advancement with Skill-Based Pay

question 18

Multiple Choice

There may be more opportunities for advancement with skill-based pay plans than with job-based pay plans because of

• A)less bureaucracy.
• B)the lack of job evaluation.
• C)higher base pay.
• D)exposure to multiple jobs requiring multiple competencies.
• E)the emphasis on years of experience.

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Definitions:

Valuation

The process of determining the present value of an asset, company, or investment.

Too Optimistic

Characterizes a perspective or expectation that is overly positive or hopeful, often without sufficient grounding in reality.

Exact Value

The precise numerical quantity or measurement without any approximation or error.

Same for All

A condition or policy applied equally to every member of a group.