Which specific type of performance-based reward system is most likely to encourage continuous learning and skill development?

The specific type of performance-based reward system most likely to encourage continuous learning and skill development is a 'skill-based pay system' (also known as knowledge-based pay or competency-based pay) that rewards employees for acquiring and demonstrating new skills and knowledge, regardless of their specific job title or responsibilities. Skill-based pay systems are designed to incentivize employees to continuously expand their skillset and enhance their knowledge base, leading to increased adaptability and improved organizational....