Examlex
Words or terms in contracts that are subject to more than one reasonable interpretation can lead to mistakes.
Labor Costs
The total amount of financial compensation that businesses must pay to their employees.
Compensation
The total amount of the financial and non-financial pay provided to an employee by an employer in return for work performed as required.
Base Pay Rates
The initial salary given to an employee, excluding additional benefits, bonuses, or increases due to performance or seniority.
Strategic Goal
A long-term, broad aim that an organization seeks to achieve in order to realize its mission and vision.
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