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Performance expectations must be established once objectives and measures have been executed and advertised.
Generate Revenue
The process of producing income through sales of products, services, or other mechanisms within a business.
Compensation Survey
A tool used by organizations to gather and analyze competitive salary information in order to determine appropriate compensation levels for their employees.
Compensation System
The overall structure and methodology an organization uses to compensate its employees, including wages, salaries, benefits, and incentives.
Central Tendency
A statistical measure that identifies the center of a data distribution, commonly represented by the mean, median, or mode.
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