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Diminishing marginal product:
Job Description
A formal account of an employee's responsibilities, duties, and the scope of work required by their position.
Effective
The degree to which something is successful in producing a desired or intended result.
Pay Equity Legislation
Laws designed to reduce the wage gap between genders and different ethnic groups by ensuring equal pay for work of equal value.
Job Comparison Methods
Techniques used to evaluate and compare the responsibilities, requirements, and value of jobs within an organization to ensure fair and equitable compensation.
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