Examlex
High and unexpected inflation has a greater cost
External Equity
Refers to an organization’s compensation strategy being competitive with what other employers offer for similar jobs in the market.
Wage Curve
A graphical representation showing the relationship between the wage rate and the level of unemployment in an economy.
Relative Worth
The perceived value or importance of something in comparison to other items or factors.
Wage Rates
The fixed amount of compensation paid to an employee per unit of time, often per hour or day.
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