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Pulse rate should be taken for 10 seconds and multiplied by 6 to get its 1-minute rate.
Competency-Based Pay
A compensation system that rewards employees based on their skills, knowledge, and performance rather than their job title or position.
Skilled-Based Pay
A compensation strategy where employees are paid based on their skills, certifications, or knowledge, rather than their job title or position.
Incentive Pay
A form of compensation designed to reward employees for achieving performance targets or completing specific objectives.
Wage Inversion
A scenario where newer employees receive higher wages than their more experienced counterparts, often due to market demand or inflation.
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