Examlex
Solve the problem. Round your answer to 2 decimal places when necessary.
-In a recent year, there were 62 accidents in commercial aviation among major airlines over 15.5 million flight hours. Find the accident rate in units of accidents per 100,000 flight hours.
Knowledge-Based Pay
A compensation system where an individual's pay is based on their skills, knowledge, and abilities rather than their job title or position.
Compa-Ratio
A metric used in human resources to compare an individual's salary to the midpoint of a predefined salary range for their position or job grade.
Absolute Worth
The intrinsic or unconditional value of something, not dependent on external factors.
Job Grading Method
A technique used in human resource management to categorize positions within a company based on certain criteria like responsibility and skill levels.
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