Examlex
User members need to explain their jargon and abbreviations to information systems staff.
Skill-Based Pay Systems
Pay structures that set pay according to the employees' levels of skill or knowledge and what they are capable of doing.
Empowerment
Involves giving employees the authority, resources, and responsibility to manage their own tasks and make decisions, aiming to increase their influence and performance within the organization.
Product Market
The marketplace where final goods or services are traded between sellers and consumers or businesses.
Pay Grades
Sets of jobs having similar worth or content, grouped together to establish rates of pay.
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