Describe a Reward System That Would Best Motivate Employees to Learn

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The Answer is The best type of reward system to motivate employees to learn more jobs is a competency-based reward system and, in particular, a skill-based pay (SBP) plan.In a skill-based pay plan, employees earn higher pay rates with the number of skill modules they have mastered, even though they perform only one job at a particular time.Competency-based rewards motivate employees to learn new skills.This tends to improve organizational effectiveness by creating a more flexible workforce; more employees possess multiple skills and can perform a variety of jobs, and they are more adaptive to embracing new practices in a dynamic environment.However, competency-based pay plans have not always worked out as well as promised by their advocates.They are often over-designed, making it difficult to communicate these plans to employees.Skill-based pay systems measure specific skills, so they are usually more objective.However, they are expensive because employees spend more time learning new tasks.

Describe a Reward System That Would Best Motivate Employees to Learn

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Describe a Reward System That Would Best Motivate Employees to Learn

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Correct Answer:
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