Compare and contrast skill-based pay, competency-based pay, broadbanding, and variable pay system. 

Reaction Paper

This reaction paper can be total less than 1 page to have enough details, single-line spaced.

1. Compare and contrast skill-based pay, competency-based pay, broadbanding, and variable pay system.
2. Explain the major pay theories, including equity theory, expectancy theory, and reinforcement theory.

Submit this reaction paper into the “LO 5 Activity” submission folder (or click Activities on the top >> Assignments >> LO 5 Activity). Name your file as LO5 Activity LastNameAndFirstNameInitial. Make sure you submit to the right place! The final posttest will help you compile all activity artifacts into one coherent piece.