Perform the indicated operations and simplify. 
Definitions:
Effective Compensation
A compensation strategy that is competitive, fair, and aligns with the company's goals, effectively motivating and rewarding employees.
Job Evaluation
A systematic process used by organizations to assess the relative value of jobs within the company to determine fair compensation.
External Equity
Perceived fairness in pay relative to what other employers are paying for the same type of work.
Compensation Process
The set of policies and mechanisms for determining employee pay, benefits, and other forms of remuneration.
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