Examlex
Prevalence is a measure of the onset of a disease, while incidence measures the public health burden existing within a particular population.
85th Percentile
A statistical measure indicating that 85% of a given population scores below a particular point, often used in compensation to set wages above market rates to attract top talent.
Total Compensation
The complete pay package for employees, including base salary, bonuses, benefits, and any form of long-term incentives or rewards.
Labour Market
The supply and demand dynamics of available work and workers within an economy, often influenced by factors such as skills, wages, and employment laws.
Collective Bargaining
The process through which employers and labor unions negotiate contracts that determine conditions of employment, including wages, hours, and workplace policies.
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