Question: What is Competency-Based Pay?And explain these point in details on how it has been implemented in practice? (Competency-Based Pay in Practice) A system for defining

What is Competency-Based Pay?And explain these point in details on how it has been implemented in practice? (Competency-Based Pay in Practice) A system for defining specific required skills. A process for tying the person's pay to his or her skill level. A training system that lets employees acquire the skills. A formal skills competency testing system. A work design that lets employees move among jobs to permit work assignment flexibility

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