The model in the above figure is used to categorize ____.
Definitions:
Hourly Work
Work paid on an hourly basis.
Real Wages
The purchasing power of an individual's earnings, accounting for inflation.
Cost-Of-Living Increases
Adjustments to salaries or wages to offset the impact of inflation on purchasing power.
Job Evaluation
A systematic process used to assess the relative worth of jobs within an organization for the purpose of establishing fair compensation levels.
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