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Define ferrous metals.
Minimum Wage
The lowest legal wage that employers can pay their employees, ensuring a basic standard of living.
Compensation Costs
The total of an employer's expenses for employee salaries, wages, benefits, and other forms of compensation.
Competency-Based Pay System
A salary structure that compensates employees based on the specific skills, knowledge, and abilities they bring to their roles, rather than their job title or position.
Absenteeism
The habitual non-presence of an employee at their job, which can be due to various reasons including illness, personal issues, or disengagement with work.
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