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Perform a runs test and compute a few autocorrelations to determine whether this time series is random.
Skill-Based Pay
A compensation system where employees are paid based on their skills, expertise, and the complexity of the tasks they can perform, rather than just their job title or position.
Skill Certification
A formal process through which an individual's expertise in specific areas is recognized, typically through assessments or coursework.
Competency-Based Pay
Salary determination method where compensation is based on an employee's skill, knowledge, and performance level rather than job title or position.
Identifying Competencies
The process of defining the abilities, skills, knowledge, and behaviors necessary for effective performance in a specific job role.
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