What Is Skill Based Pay?

Definition Skill‐based pay (SBP) is a compensation system that rewards employees with additional pay in exchange for formal certification of the employee’s mastery of skills, knowledge, ...

Advantages Of Skill-Based Pay

Among the advantages of skill-based pay are the following: It contributes to job enlargement and enrichment by breaking down narrow job classifications. Flexibility is increased by ...

Reasons For Skill-Based Pay

More than ever before in industrial relations history a commonality of interests in the skills of employees has developed between employers and employees. Skills provide employees with ...

Skill Based Pay

Skill-based pay refers to a pay system in which pay increases are linked to the number or depth of skills an employee acquires and applies and it is a means of developing broader and ...

What are the most favorable conditions for SBP?

The most basic condition for success is that there is a wide range (in depth and or breadth) of skills, knowledge, or competency for employees to acquire and use in their jobs. SBP ...
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