Examlex
The real wage rate measures the quantity of goods and services an hour's work will buy.
Job Ranking System
The simplest and oldest system of job evaluation by which jobs are arrayed on the basis of their relative worth.
Goal System
A structured approach to setting, monitoring, and achieving objectives within an organization, often linked to performance management.
Job Evaluation System
A method used by organizations to assess the value of each job in relation to others within the company to determine appropriate compensation levels.
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