Examlex
An air transformer increases the CFM of compressed air.
Average Wage Rate
The average amount of money earned per hour, day, or year by workers within a specific region, sector, or occupation.
Job Evaluation
Job evaluation is a systematic process used to determine the relative worth of jobs within an organization for the purpose of establishing fair compensation levels.
Relative Worth
The perceived value or importance of a job, task, or employee's contributions in comparison to others within an organization, often used in determining compensation.
Wage Compression
Occurs when there is a narrowing of the differences in pay between employees regardless of their skill level or experience, often due to internal or external pressure on wage structures.
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