__________ is a system that rewards people for acquiring and developing job-relevant skills.

A) Entitlement pay
B) Gain-sharing pay
C) Merit pay
D) Skill-based pay
E) Expert pay

Skill-Based Pay

A compensation system where employees are paid based on the skills, knowledge, and abilities they bring to the job, regardless of their position or title.

Merit Pay

A system of compensation where employees are rewarded based on their performance, often evaluated through predetermined criteria.

Entitlement Pay

Financial compensation granted to employees based on their title, status, or seniority rather than their performance or productivity.