Examlex
ISO is a non-governmental body that establishes unique management system standards and certification processes that are tailored to meet the needs of individual companies and nations.
Market Comparisons
The process of comparing an organization's compensation levels, benefits, and job functions to similar positions in other companies within the same industry to establish competitive salaries.
Broad Banding
A method of salary structure that consolidates a large number of pay grades into fewer, wider ranges to offer greater flexibility in managing employee career progression.
Pay Grade
A step or level within a compensation system that determines the amount of pay an employee receives, based on their job or position.
Formal Education
Structured, curriculum-based education typically obtained from traditional educational institutions such as schools, colleges, and universities.
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