Examlex
In skill-based pay systems, performance measures are primarily based on _____.
Tournament Pay
A form of compensation in which the top performer (or performers) receives much higher rewards than do other competitors, even if the others perform at only a slightly lower level.
Compensating Differential
Additional payment or benefit given to an employee to offset or compensate for undesirable aspects of a job.
Base Pay
The initial rate of compensation that an employee receives before any bonuses, benefits, or raises are added.
Skill
The ability, coming from one's knowledge, practice, aptitude, etc., to do something well.
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