Examlex
A job description should explain the type of knowledge a job requires by explaining things such as what level of education is required and whether any special certifications are required to perform the job.
Merit Pay
A pay increase given to employees based on their performance, rewarding those who perform their job well.
Piecework Rate Plan
A compensation system where employees are paid a fixed rate for each unit of production completed, encouraging productivity and efficiency.
Production Workers
Employees who are directly involved in the manufacturing process of goods, playing a crucial role in operational efficiency and product creation.
Differential Piece Rate Plan
A compensation system where employees are paid based on their output, with different rates applied based on the level of production achieved.
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