Which Type of Pay Is Similar to Pay Structures Based

question 27

Multiple Choice

Which type of pay is similar to pay structures based on individual characteristics such as skill or knowledge but usually refers to a plan that covers exempt employees?

• A)Internal equity pay
• B)Market survey pay
• C)Competency-based pay
• D)Job-based pay
• E)External equity pay

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Definitions:

Industrial Application

The use of technologies, practices, and theories in industrial settings for the purpose of enhancing efficiency, productivity, and the manufacturing process.

Productivity Improvement

Efforts aimed at increasing the efficiency and effectiveness of processes, resulting in higher output or better quality with the same or fewer inputs.

Learning Curve Strategy

A methodological approach that involves planning based on the understanding that people will become more efficient and make fewer mistakes as they gain experience in a particular task or process.