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The functionalist perspective of social stratification argues that:
Base Pay
The fixed amount of money that an employee receives from their employer before any bonuses, benefits, or overtime pay is added.
Employee Performance
The degree to which an employee completes their tasks and meets the goals and objectives set by their employer.
Competency-Based Pay
A compensation system where employees are paid based on their skills, knowledge, and performance, rather than their job title or position.
Managerial Levels
The tiers of management in an organization, typically including top-level executives, middle managers, and first-level managers, each with different roles and responsibilities.
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