Employee Referrals Provide a Rich Source of Good Applicants for Many

question 38

True/False

Employee referrals provide a rich source of good applicants for many small firms.

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Definitions:

Wage Rates

The standardized amount of pay that is given to employees per unit of time worked, often expressed hourly, daily, or annually.

Internal Equity

The principle of ensuring fairness in pay structures within an organization, where employees holding similar positions or responsibilities are compensated in a similar manner.

Job Ranking

A form of job evaluation in which jobs are ranked subjectively according to their overall worth to the organization.

Job Grading

A form of job evaluation that assigns jobs to predetermined job classifications according to their relative worth to the organization.