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Figure 1-2 In the accompanying figure, the __________ tab is called the primary tab of the Ribbon.
Pay Range
The spectrum of compensation an employer is willing to offer for a position, reflecting minimum and maximum potential earnings.
85th Percentile
A statistical measure indicating that 85% of a given population scores below a particular point, often used in compensation to set wages above market rates to attract top talent.
Total Compensation
The complete pay package for employees, including base salary, bonuses, benefits, and any form of long-term incentives or rewards.
Labour Market
The supply and demand dynamics of available work and workers within an economy, often influenced by factors such as skills, wages, and employment laws.
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