Description Elvira Ross RE: Week 9 Discussion Job based pay is the start …
Description Elvira Ross RE: Week 9 Discussion Job based pay is the starting salary that is paid to an employee which does not include any benefits, bonuses, or raises. It can also be the rate of compensation an employee receives in exchange for services. an example of base pay, someone who earns a base salary of $25/hour can be said to have a base salary of $4,333/month or a base annual salary of $52,000/year. Base salary does not take into account other forms of compensation. On the other hand skill-based pay is a compensation that rewards an employeee with additional pay in exchange for formal certification of the employee’s mastery skills, knowledge, and competency of their position. Skill is acquired and observed in being able to perform their task. Knowledge is acquired information used in performing their task or assignment. Skilled-based pay is a model of compensation in which a person’s skills and experience determine their salary. An example of skill-based pay is a team lead that have many decades of experience may earn higher compensation than a less-experienced candidate applying for the same position.
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