In reality not really.
The only place I ever worked at that you had a clearly defined pay based on what you did was at Honeywell a few years back, and it was in a Bargaining Unit in a Union shop.
However, the Union had gotten small over the years and due to no one supporting it in house from pressure, they finally phased it out over rules that were bargained on a few years before I worked there.
After they had kept it going a long time, I was there 9 years and was the shop steward then.
We traded it off year to year in the tool shop, one of the older guys smelled something fishy Corporate way before then, when they renewed it and went for OSHA star rating to reduce insurance for the company.
Bigger than anything, after we got the STAR rating, (I was the first person the OSHA head of the inspecting team interviewed), a corporate post hole digger (PHD) showed up, asked questions about effectiveness of various machines he had no clue about, "is that a lathe?"
A few months later, when bargaining came up again, was a take a dramatic pay cut for all you're machining expertise offer or separation pay, I guess most went for separation pay and look for another job, over the protests of many Senior Engineers.
So much for equal pay and fairness in the workplace.
They now farm everything out with a much longer turn around time I guess, over the Engineers objections to doing that as they used to be able to walk into the shop and just get production improvements instantly, but corporate PhD's now best reporting to the home office apparently.