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Sara is 57 years old and she has been a division manager for Elf Cookies for 32 years.Recently,the business has seen an increase in efficiency and has a surplus of labor.Elf Cookies is offering employees who are 55 and older,and who have worked for the company for over 30 years,specific benefits and financial incentives to retire within the next 60 days.Sara does so.She has:
Seniority System
A system in a workplace where employee benefits such as promotions and layoffs are determined based on the length of service.
Strategic Objectives
High-level goals aligned with an organization's mission and vision, focused on achieving long-term success.
Compensation System
A structured plan designed by organizations to pay its employees, including wages, benefits, bonuses, and raises.
Pay Differentials
Variations in compensation among employees, often based on factors like job role, experience, education, location, or performance.
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