Examlex
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Comparable Pay
A principle of employee compensation that ensures employees doing similar work with similar skills, effort, and responsibilities in the same organization receive similar pay.
Equal Pay
The concept ensuring that employees who perform the same or substantially similar work are compensated equally, regardless of gender, ethnicity, or other non-performance-related factors.
Escalator Clauses
Provisions in a contract that allow for automatic adjustments in certain conditions, such as price or wage increases, based on predefined criteria like inflation rates.
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