Examlex
Choose the one most appropriate description.
-the PGA to PGAL conversion
Competency-Based Pay System
A salary structure that compensates employees based on the specific skills, knowledge, and abilities they bring to their roles, rather than their job title or position.
Absenteeism
The habitual non-presence of an employee at their job, which can be due to various reasons including illness, personal issues, or disengagement with work.
Strategic Compensation
A compensation strategy designed to align with and support the organization's broader goals, objectives, and competitive position.
Market Pricing
The process of determining the price of a job in the external labor market through salary surveys and benchmarking exercises.
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