Examlex
What are the major classifications of increases and decreases in expendable fund resources?
Wage-Rate Compression
A situation where differences in wages among employees narrow, often leading to less distinction in pay between higher and lower-level jobs.
Compensation Difference
The variation in pay and benefits among employees, which can be due to factors like experience, education, job function, or performance.
Job Evaluation Systems
Formal processes and criteria used by organizations to determine the relative value and complexity of jobs within the organization to establish fair compensation.
Developmental Purpose
The aim of fostering growth, improvement, and enhancement of skills and abilities in an individual or organization.
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