A potential disadvantage of skill-based pay is labor costs can be a source of competitive disadvantage.

Name: A potential disadvantage of skill-based pay is labor costs can be a source of competitive disadvantage.
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Skill-based pay can result in higher labor costs compared to traditional pay systems, which can make a company less competitive if its competitors have lower labor costs. This can be a potential disadvantage of skill-based pay.

A Potential Disadvantage of Skill-Based Pay Is Labor Costs Can