Examlex
Simplify the expression.
Skill-Based Pay
Skill-based pay is a compensation system where employees are paid based on the range, depth, and types of skills and knowledge they possess, rather than their job title or position.
Flexibility
The quality of being adaptable or variable, especially the ability to respond to changes in circumstances or environments.
Productivity
The measure of efficiency in converting inputs into useful outputs, commonly used in analyzing the performance of businesses, economies, or individual workers.
Supervisory Costs
Expenses associated with overseeing and managing employees, including salaries of supervisors and costs related to training and supervising staff.
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