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What is the pay philosophy?
o Pay-for-Performance?
o Seniority?
o Pay-for-Knowledge?
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Answer Posted / padmas
Pay depends on all of the above.All that matters is,Time to
Market.
Anyone of these 3 gets highest priority based on time,supply
and demand.
As of my philosophy of pay ,none of these is considered alone.
For any
-If they well 'Performed' in academics,their 'knowledge'
makes them to get 'seniority' in their job.
-If they well 'Performed' in work, their 'Seniority' makes
them to acquire knowledge and which becomes skill.
Pay philosophy varies based on organization philosophy too.
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