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Figure 1.2
Using the figure above, identify the labeled part.
-Label G: ______________________________
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.
Performance Pay Plans
Compensation strategies designed to directly link employees' pay with their performance or achievements in the workplace.
Discontinuation Rates
The rate at which products or services are discontinued or taken out of production or availability.
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