________ Pay Increase Refers to the Minimum Pay Increase That

question 25

Short Answer

________ pay increase refers to the minimum pay increase that employees will consider to be a worthwhile change in compensation.

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Definitions:

Economic Plan

A strategic outline designed to achieve certain financial and economic goals within a specific timeframe.

National Capital

The city or municipality that serves as the seat of government of a country, state, or region, often housing the central administrative, legislative, and judicial offices.

Ratification

The official way to confirm something, usually by vote, formal consent, or official approval, particularly in the context of treaties, constitutions, and agreements.