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Organizational Pay Policy
Guidelines and strategies an organization uses to determine how employees are compensated for their work.
Market Rate
The average or prevailing price for goods or services in a particular market, often used as a benchmark in setting wages or prices.
Lead Policy
A set of guidelines or principles defining how to take the initiative or precedence in a specific area or situation.
Performance-Based Pay
A compensation system where an employee's pay is directly linked to their performance outcomes or achievements.
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