Examlex
What are the two main types of public policies?
Workers' Compensation
Insurance that provides financial benefits and medical care to employees who are injured or become ill as a direct result of their job.
Profit Sharing
An employee benefit scheme where a portion of a company's profits is distributed to the employees, strengthening their investment in the company's success.
Pay-for-Knowledge
A compensation strategy that rewards employees for acquiring and utilizing additional skills or knowledge that contribute to their job performance and organizational success.
Job Evaluation
The process of determining the relative value and importance of jobs within an organization to establish fair compensation levels.
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