Examlex
The GDP gap is the difference between:
Job Structure
The organized framework of a job's relative position within an organization, based on responsibilities, complexity, and skills required.
Promoting Employees
The act of elevating an employee's position within the company, usually involving increased responsibilities and pay.
Skill-Based Pay System
A compensation strategy where employees' pay rates are determined by their skills, knowledge, and certifications rather than their job titles or positions.
Job Descriptions
Job descriptions provide a formal account of an employee’s responsibilities, duties, and the scope of work, including criteria for evaluating performance.
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