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What three countries can be viewed from the "Golden Triangle"?
Skill-Based Pay
Rewards people for acquiring and developing job-relevant skills.
Cross-Training
A method in which employees are trained to perform several different functions or roles within an organization, enhancing flexibility and workforce efficiency.
Training Costs
The expenses incurred in the process of developing the skills and knowledge of employees.
Merit Pay Plan
A compensation strategy that awards pay increases or bonuses based on an employee's performance, accomplishments, or achievements.
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