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September 24, 2024

How can incentive pay systems

1. How can incentive pay systems, when properly applied, contribute to companies meeting the goals of lowest cost and differentiation strategies?

2.Compare and contrast the various multi skill-based pay systems – the stair-step model, the skill blocks model, the job-point accrual model, and the cross-departmental model.

Cite 2 outside scholarly sources and (textbook AUTHOR: Martocchio, J. (2020). Strategic Compensation: A Human Resource Management Approach. Boston: Pearson Education

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