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A small company may be able to justify using a cash basis of accounting if they have
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.
Performance Reviews
A formal assessment process wherein an employee’s job performance is evaluated, typically by their manager, using established criteria and objectives.
Pay-for-Performance
A compensation strategy where employees' pay is based on their performance or achievements in their role.
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