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Discuss Two Methods of Determining Wage Rates

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Discuss two methods of determining wage rates.


Definitions:

Employee Flexibility

The ability of employees to adapt to changes in their work environment or job responsibilities, often involving variable schedules or skillsets.

Time And Motion Studies

Systematic examinations and analyses of work processes to improve efficiency by reducing waste and unnecessary actions.

Specific Time

A clearly defined or precise moment or period on a timeline.

Customized Approach

Tailoring strategies, products, services, or policies to meet the specific needs or preferences of an individual or group.

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