Examlex
Techniques used to monitor external environments include:
Pay Range
The spectrum of wages set by an employer for a specific job or grade, showing the minimum, midpoint, and maximum salary that can be earned.
Pay For Talent
A compensation strategy that rewards employees based on their skills, expertise, and contributions.
Employee Expectations
Refers to the assumptions and desires employees have regarding their work, roles, and the organization they work for, influencing their job satisfaction and performance.
Profitability
A financial metric that measures the degree to which a company or a business activity makes money, indicating the efficiency in generating profits.
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