Final answer:
Competency-based rewards motivate employees to learn new skills by providing incentives based on an employee's skill development and expertise.
Step-by-step explanation:
The type of reward that motivates employees to learn new skills is competency-based.
Competency-based rewards are based on an employee's skill development, knowledge, and expertise. These rewards can include promotions, salary increases, and bonuses for acquiring new skills or reaching performance milestones. By providing employees with incentives to learn new skills, organizations encourage continuous learning and development, leading to improved job performance and overall job satisfaction.
For example, a company might offer a salary increase or a promotion to an employee who completes a training program or obtains a certification in a specific skill area. This reward system encourages employees to actively seek opportunities for growth and development, enhancing their job satisfaction and benefiting the organization as a whole.