Examlex
What is one of the most effective ways to move upward in contemporary societies?
Skill-Based Pay
A compensation system that bases employee wages on their skills or knowledge, rather than their job title or position.
Advantages
The conditions or factors that put someone or something in a favorable or superior position compared to others.
Disadvantages
Refers to the negative aspects, drawbacks, or cons that are associated with a decision, situation, or policy.
Delayering
Reducing the number of levels in the organization's job structure.
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