How Is Dynamic Imbalance Corrected

question 1

Essay

How is dynamic imbalance corrected?

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Definitions:

Tournament Pay

A form of compensation in which the top performer (or performers) receives much higher rewards than do other competitors, even if the others perform at only a slightly lower level.

Compensating Differential

Additional payment or benefit given to an employee to offset or compensate for undesirable aspects of a job.

Base Pay

The initial rate of compensation that an employee receives before any bonuses, benefits, or raises are added.

Skill

The ability, coming from one's knowledge, practice, aptitude, etc., to do something well.