Examlex
Monozygotic twins have an identical genotype.
Market-Based Pay
A compensation approach where pay levels are determined by comparing the market rates for similar positions in the relevant labor market.
Skill-Based Pay
A compensation system where employees are paid based on their skills or knowledge levels, rather than their job title or position.
Hays Guide Chart System
A method used in job evaluation to rank jobs based on a variety of factors, such as knowledge, responsibilities, and working conditions.
Total Compensation
The complete reward package provided to employees, including base salary, bonuses, benefits, equity incentives, and other financial and non-financial perks.
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