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Financial Situation
An entity's or individual's current financial condition, assessed by considering assets, liabilities, income, and expenses.
Works Councils
Employee representative bodies within a company, primarily in European countries, that participate in discussing and negotiating workplace matters.
Job Rotation
A workplace strategy involving regularly moving employees between different jobs or tasks to diversify their skills and prevent job boredom.
Seniority Based Pay
A compensation system where employees' wages are determined by the length of service in a company or organization.
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