Examlex
________is the exact average deviation of data values from the mean in squared units, and _____________is the approximate average deviation of data values from the mean in regular units.
Reward System
A set of mechanisms for distributing both tangible and intangible returns as part of an employment relationship.
Compensation System
A framework used by organizations to plan, implement, and manage how employees are paid for their work, including salaries, bonuses, and benefits.
Base Pay
The initial rate of compensation an employee receives before any bonuses, benefits, or additional pay is added.
Incentives
Motivations or rewards offered to encourage specific behaviors or actions in individuals or groups.
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