Skill-based pay and competency-based pay

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What are the advantages and disadvantages of compensation approaches such as skill-based pay and competency-based pay? How can the disadvantages be overcome?

Reference no: EM131275355

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Skill-based pay and competency-based pay : What are the advantages and disadvantages of compensation approaches such as skill-based pay and competency-based pay? How can the disadvantages be overcome?
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