Much of Our Behavior Is Regulated by Statutory Law and the Fines

question 121

Short Answer

Much of our behavior is regulated by statutory law and the fines and imprisonment it provides for wrongdoing.Thus, much of our behavior is controlled by ____________________ power.

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Definitions:

External Equity

The fairness of an employee's compensation as compared to what others in the external job market are receiving for similar work.

Job-Based Pay

A compensation strategy that determines an employee's salary based primarily on the specific job or position they hold.

Competency-Based Pay

Pay based on an employee’s skill level, variety of skills possessed, or increased job knowledge

Hay Profile Method

A job evaluation technique using three factors—knowledge, mental activity, and accountability—to evaluate executive and managerial positions.