Examlex
Which of the following statements is true?
Skill-based Pay
A compensation system where employees are paid based on the skills and knowledge they possess rather than their job title or position.
Motivation System
A framework within an organization designed to stimulate and encourage employees to achieve goals and improve performance.
Profit Sharing
A compensation strategy where employees receive a share of the company's profits in addition to their regular salary.
Large Organizations
Refers to businesses or institutions with a wide scope of influence, often characterized by complex structures, significant employee numbers, and expansive operational capacities.
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