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The self-serving bias .
Base Pay
The initial rate of compensation an employee receives in exchange for services, not including benefits, bonuses, or any other potential compensation.
Market Average
A statistical measure that represents the overall trend and value of a specific set of stocks or market segments.
Labor Costs
The total amount of financial compensation that businesses must pay to their employees.
Compensation
The total amount of the financial and non-financial pay provided to an employee by an employer in return for work performed as required.
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