Leading companies in Asia are moving away from seniority-based reward systems toward merit-based systems.

Question

Quizplus · Accepted Answer

This statement is true. Many companies in Asia are shifting away from traditional seniority-based systems of promotion and pay, and instead favoring merit-based systems that reward employees based on their performance and contributions to the company. This shift is particularly evident in industries such as technology and finance, where competition for talent is fierce and companies need to attract and retain top performers in order to stay ahead.

Leading Companies in Asia Are Moving Away from Seniority-Based Reward