Examlex
Describe how the numbers and titles in MasterFormat are divided.
Pay Structure
The systematic organization of pay rates within a company, defining compensation levels for different jobs or grades.
Compensation
The total amount of the monetary and non-monetary pay provided to an employee in return for work performed as required.
Two-Tier Wage System
An employment system where new employees are paid less than existing employees for doing the same job, often used to reduce costs.
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