Examlex
What is the difference in how GDP is determined in the short run and in the long run?
External Inequity
A condition where employees perceive that their compensation is not fair compared to what people in similar positions in other organizations are earning.
Incentives
Motivators, often financial in nature, designed to encourage employees to achieve greater levels of performance or reach specific objectives.
Overpaying
The act of compensating an employee or vendor more than the market rate or value for their services, work, or product.
Job Evaluation
Is a method for determining the relative value or worth of a job to the organization so that individuals who perform that job can be compensated adequately and appropriately.
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