Examlex
Agents of an LLC are not permitted to enter into contracts on behalf of the LLC.
External Equity
The fairness of an employee's compensation as compared to what others in the external job market are receiving for similar work.
Job-Based Pay
A compensation strategy that determines an employee's salary based primarily on the specific job or position they hold.
Competency-Based Pay
Pay based on an employee’s skill level, variety of skills possessed, or increased job knowledge
Hay Profile Method
A job evaluation technique using three factors—knowledge, mental activity, and accountability—to evaluate executive and managerial positions.
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