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What Is Pay Compression? Discuss the Possible Consequences of Pay

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What is pay compression? Discuss the possible consequences of pay compression.


Definitions:

Employee Involvement Team

A group of employees formed to participate in organizational decision-making processes, aimed at improving work conditions, productivity, and employee satisfaction.

Expert Team

A group of individuals with specialized knowledge or skills in a particular area, working together to achieve specific goals.

Interacting Group

A collection of individuals who are in direct contact and communicate with each other to achieve a common goal.

Excessive Amounts

Quantities or volumes beyond what is considered normal, necessary, or reasonable.

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