Examlex
The merging together of two or more businesses or technologies is termed
Job Evaluation
The process of analyzing and assessing various jobs systematically to ascertain their relative worth in an organization.
Pay Compression
A situation where there is little difference in pay between employees regardless of their skills, experience, or job responsibilities.
Pay Inversion
In pay inversion, the external market changes so rapidly that new employees are actually paid more than experienced employees.
Skill-Based Pay
Rewards employees for acquiring new skills.
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