Examlex
Match each term with its description or definition.
-Small mound of dermis in the hair follicle
Open Pay System
A compensation strategy where an organization openly shares salary ranges and sometimes individual salaries, aiming for transparency.
Pay Compression
Pay compression occurs when there is only a small difference in pay between employees regardless of their skills, experience, or job responsibilities, often resulting in dissatisfaction among more qualified or experienced employees.
Employee Turnover
The rate at which employees leave a company and are replaced by new employees, affecting an organization's performance and continuity.
Executive Compensation
The complete package of benefits, including salary, bonuses, stock options, and other perks, offered to an organization's top executives.
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