Examlex
Instructions: Identify the following term(s).
Silk Road
Pay Structure
The system or arrangement outlining how employees are compensated, including salary ranges, grades, and levels, based upon their role, experience, and performance.
Benchmarking
The process of comparing one's business processes and performance metrics to industry bests or best practices from other companies.
Pay Structure
A framework for systematically organizing and categorizing an organization's salaries, wages, and pay grades.
Equity Theory
A theory of motivation proposing that individuals are most motivated when they perceive their treatment in terms of rewards and contributions to be equal to others'.
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