As the owner of a large hotel,you expect your employees to be flexible,learn a variety of skills,and shift around from one job to another as needed.Which plan will best fit your needs?

A) stock options
B) skill-based pay
C) team-based pay
D) piece rates

Skill-Based Pay

A compensation system where pay levels are determined by an employee’s skills, knowledge, and the ability to perform certain tasks, rather than job title or rank.

Large Hotel

A significant accommodation facility offering a range of services, often including rooms, food, and entertainment, for travelers and guests.

Flexibility

The ability to adapt to changes or to adjust operations, policies, or procedures as required by circumstances or business needs.