Examlex
Which of the following statements best explains the process known as chain transfer?
Competency-Based Pay
A salary structure that compensates employees based on their skill set, knowledge, and performance, rather than their job position or seniority.
Learning New Skills
The process of acquiring new abilities or knowledge to improve personal or professional competence.
Compensable Factors
Elements of a job that are used to determine the appropriate compensation for that job, such as skill level, effort, responsibility, and working conditions.
Working Conditions
The environment in which employees operate, including aspects like safety, hours, and physical demands.
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