Examlex
Discuss social identity theory and how products fit into this theory.
Employer
An individual or entity that hires and pays for the services of workers.
Employees
Individuals who are hired by a firm or organization to perform specific tasks and duties in exchange for compensation.
Market Pay Policy
A compensation strategy based on the prevailing wage rates within an industry or geographic location for similar jobs, aiming to attract and retain talent by offering competitive salaries.
Job Evaluation
The systematic process of determining the relative worth of jobs within an organization to establish fair compensation levels.
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