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One difference between basic and applied research is that:
Skill-Based Pay
A compensation system that rewards employees for their range of skills or depth of knowledge, rather than their job title.
Skill-Based Pay
A compensation system where employees are paid based on the skills, knowledge, and abilities they possess rather than their job title or position.
Performance-Based Pay
A compensation system where an employee's pay is directly linked to their performance or achievements, incentivizing efficiency and productivity.
Job Content-Based Pay
A compensation strategy where wages are determined by the nature, complexity, and responsibility level of the work performed, rather than by the individual characteristics of the employee.
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