Examlex
The "obey now, grieve later" principle means that an employee can never refuse to comply with a management directive.
Profit Sharing
A company policy of distributing a portion of its net profits to its employees, typically as a motivational tool and a means of fostering a sense of ownership and loyalty.
Start-up Costs
The initial expenses required to start a new business, including costs for legal fees, equipment, inventory, and marketing.
Skill Levels
The degrees of proficiency or competence in performing tasks or jobs, often categorized by beginner, intermediate, and advanced levels.
Skill-based Pay
Skill-based pay is a compensation system where employees are paid based on the number, variety, or complexity of skills and qualifications they possess, rather than solely on their job position or title.
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