The New Human Resources Manager (Scenario)Steve is hired as the manager of the human resources department of a local manufacturing company which is desperately trying to improve its fortunes. This company is unable to retain good employees, who treat it as a stepping stone until they find better opportunities. Employee turnover is high and morale is low. Steve is determined to change the situation and turn the organization's human resources into a competitive advantage and source of pride for the firm.Steve recommends that employees should be compensated according to their competencies, rather than their designations. Employees should be financially rewarded when they gain more knowledge and learn new processes that are relevant to the job, even if the employee is at a lower level. This
implies that Steve favors a ________.
A. variable pay system
B. fixed pay system
C. profit-based pay system
D. skill-based pay system
Answer: D
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