What are the advantages of compensation approaches


Discussion

What are the advantages and disadvantages of compensation approaches such as skill-based pay and competency-based pay? How can the disadvantages be overcome? Some companies have moved away from commission-based incentive plans to team-oriented incentive plans. How do you think this change will affect these companies?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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