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What is the concept of progressive discipline and why is it important in IR?
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Compa-ratio
A metric used in human resources to compare an employee's salary to the midpoint of a salary range for their position or similar positions within a sector.
Pay Range
The scale of minimum to maximum pay established by an organization for a specific job or category of jobs.
Compensation Surveys
Research conducted to collect and analyze data on wages and benefits within an industry, used by organizations to benchmark and establish competitive pay structures.
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