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What Are the Objectives of an Effective Compensation System

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What are the objectives of an effective compensation system?


Definitions:

Social Mobility

The movement of individuals or groups within or between social strata in a society.

Fluid Societies

Societies characterized by flexibility and adaptability in their social structures, allowing for greater mobility and change among their members.

Inequality

The unequal distribution of resources, opportunities, and privileges among individuals or groups, often based on characteristics like wealth, income, race, education, and gender.

Intergenerational Mobility

Is social mobility that occurs between generations.

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