________ Are When Companies and States Implement Wages and Benefits

question 22

Multiple Choice

________ are when companies and states implement wages and benefits that take into account the local area's cost of living.

• A)Fair labor wage laws
• B)Minimum wage laws
• C)Living wage laws
• D)Consumer price index laws

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Definitions:

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.

Additional Pay

Compensation above an employee's regular pay scale, which could include bonuses, overtime, or allowances.

Job Design

The process of organizing tasks, duties, and responsibilities into a productive unit of work to enhance job satisfaction and performance.