Term: Skill-Based Pay
Definition:This is a compensation system that rewards employees with additional pay in exchange for formal certification of the employee's mastery of skills, knowledge, and/or competencies. Skills are acquired and there is proof in observable expertise in performing tasks.
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Course | Page Number |
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81 - Salary Structures and Pay Delivery | 12 |
ERI Economic Research Institute is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®