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Since individuals differ in how they value the varying components of pay, they will naturally self-select to firms offering packages they perceive as having higher
- Since individuals differ in how they value the varying components of pay, they will naturally "self-select" to firms offering packages they perceive as having higher total value. Sometimes companies explicitly vary the components to attract specific types of employees, but often it happens inadvertently and non-productively.
Give me an example (not necessarily from your own experience) of compensation arrangements that encourage some types of employees to apply, while discouraging other types.
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