Examlex
To which of the following fields has social psychology made important contributions?
Job-Based Pay
A compensation strategy that determines an employee's salary based primarily on the specific job or position they hold.
Competency-Based Pay
Pay based on an employee’s skill level, variety of skills possessed, or increased job knowledge
Hay Profile Method
A job evaluation technique using three factors—knowledge, mental activity, and accountability—to evaluate executive and managerial positions.
Market Pricing
The practice of setting salaries based on the prevailing wage rates for similar positions in the external labor market.
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