Which of the following pays an employee based on the skills he or she has developed rather than the duties listed for his or her job?

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What is performance based pay?

Performance-based pay is compensation that's tied to employees' contributions to a company. This form of compensation is great when both the company and employee perform well, but it's a double-edged sword.

What is capability based pay?

Competency-based pay is a pay structure that compensates employees based on their skill set, knowledge, and experience rather than their job title or position. A competency-based pay plan encourages employees to reach the pay rate that they want by taking charge of improving their skills and work.

Which of the following terms refers to financial rewards paid to workers?

The correct option is D) financial incentives. Some direct and indirect financial benefits are offered in the compensation package. Apart from the regular payments, some extra financial benefits are offered to employees in cash for their extra work.

Which one of the following terms refers to changing behavior through rewards or punishments that are contingent on performance?

Behavior modification means changing behavior through rewards or punishments that are contingent on performance.