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17-12-2020
Business

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What is an advantage of using a competency-based pay plan? Employees tend to work harder. Salaries are easy to calculate. Employees are rewarded for staying with the company. It is cheaper than other plans.

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systemtechnology695 systemtechnology695

17-12-2020

Answer:

Competency-based pay helps to tie your company's culture directly to the success of the company. Increased transparency: Employees will better understand what they have the potential to earn with a competency-based pay system and what skills they need to acquire to reach the pay they desire.

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