Examlex
Which of the following statements is FALSE?
Relative Worth
The perceived value or importance of a job, task, or employee's contributions in comparison to others within an organization, often used in determining compensation.
Wage Compression
Occurs when there is a narrowing of the differences in pay between employees regardless of their skill level or experience, often due to internal or external pressure on wage structures.
Rate Ranges
Pay scale brackets defined by an employer that dictate the minimum and maximum salary for a particular position.
Physiological Needs
Basic necessities required for human survival, such as food, water, shelter, and air.
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