I need answers for this question:

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?

1. Active Participation
   • I am looking for a lively and high participation discussion of this unit’s topic.
   • Outstanding evidence of learning will be demonstrated by answering the question and fully discussing, challenging, and enhancing the discussion by your fellow students.
2. Quality of Responses
   
   • Your answers should be thoughtful and thorough in content.
   • Two references are required. Your answers need to contain information from the textbook and information from outside the textbook.
     1. Textbook: This could include Power-Web, a website, or journal articles, short youtube videos, etc.
     2. External resource: This could include a scholarly or reputable internet resource.
   • Citation
     • Cite your sources in-text in APA style.
     • Provide the reference/s at the end of the discussion question.
3. Quantity of Responses
   • Initial Post
     • Every student should answer the unit discussion questions individually.
     • Each initial answer should be at least 300 words in length