Examlex
Which of the following statements is most correct?
Skill-based Pay
A compensation system that rewards employees for their skills and knowledge, rather than their job title or position.
Objective
Something that one's efforts or actions are intended to attain or accomplish; purpose; goal; target.
Measurable Performance
Refers to the ability to quantify or assess the effectiveness or output of an employee, project, or organization.
Skill-based Pay Plan
A compensation strategy where employees are paid based on the skills and knowledge they possess, rather than their job position or title.
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