Examlex
A large organization with activities strongly related to each other is expected to have a matrix structure based either on customers or geography.
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.
Monetary Rewards
Compensation or incentives given in the form of money to employees as recognition for their work or achievement.
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