Examlex
A standard time is the amount of time it should take a fully trained and qualified worker to complete a specific task, working at an efficient, yet sustainable pace, using their choice of methods, tools, equipment, and workplace arrangement.
Learning Organization
An organization that actively seeks to acquire knowledge and adapt to change efficiently, thereby continuously improving its capabilities.
Staffing
The process of hiring, positioning, and overseeing employees in a company to ensure effective and efficient operations.
Per Capita Requirement Costs
The average cost required to meet the needs of each individual within a population or group.
Compensation System
The complete package of monetary and non-monetary benefits provided by an employer to reward employees.
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