ISO Is a Non-Governmental Body That Establishes Unique Management System

question 191

True/False

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.

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Definitions:

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.