Jason works at a call center for an insurance company, and he has been answering calls regarding auto insurance. Recently, he started to attend a training program about home insurance. Upon successful completion of this training program, Jason will be able to handle home insurance questions and queries as well. If this insurance company has a compensation policy that rewards Jason's completion of this training, then what type of pay system does it employ?

A. It rewards employees on their promise to make positive contributions to the work place.

B. A reward is based on the successful acquisition of work-related skills or knowledge.

C. It compensates employees for the number of jobs in which they possess the skills to perform.

D. It compensates employees for the jobs they currently perform.

A. market monopolies and lower labor costs

B. market monopolies and company turnover

C. smaller labor markets and strategic outlines

D. technological innovations and increased global competition

A. job summary

B. job context

C. job content

D. job structure

A. changes in employee benefits over time

B. pay rates that reflect both the company's and the external market's valuations of jobs

C. changes in wages and salaries over time

D. changes in labor costs between geographic locations

A. uses a trust to hold stock in individual employee accounts and distributes it to employees upon retirement

B. contributes company shares of its own stock or cash to be used to purchase company stock to a trust established to purchase shares of the firm's stock for employees

C. involves the firm regularly distributing a percentage of profits as profit shares to employees

D. provides tax advantages for employees by deferring income taxes, often until the employee retires

E. engages employees in a common effort to achieve a company's productivity objectives with any resulting cost-savings gains shared among employees and the company

A. pay grades

B. pay ranges

C. pay levels

D. pay structures

A. benchmark jobs

B. median pay

C. mean pay

D. market-competitive pay