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Wage Compression
A situation where there is a diminishing difference in pay between employees regardless of their skills, experience, or job responsibilities.
Pay Structure
The organization of different salary levels and scales that reflects the hierarchy of positions, responsibilities, and salaries within a company.
CPI
The Consumer Price Index is a calculation that determines the overall average cost of a selected collection of consumer goods and services, including categories like food, transportation, and healthcare.
Internal Factors
Elements within an organization that can influence its operations such as culture, values, and internal relationships.
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