Examlex
Competency-based pay is generally directed toward:
Equitably Administered
Managed or governed in a fair and impartial manner, ensuring justice and equality in treatment and services.
Equity Theory
A theory in social psychology that explains how individuals perceive fairness in the distribution of resources and rewards in relation to others.
Managerial Implications
The impacts or consequences that a decision, strategy, or finding has on the management or operational practices of an organization.
Pay
Compensation given to employees in exchange for their labor or services, often in the form of wages or salaries.
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