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An Important Point to Remember in Using and Applying Factual

question 30

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An important point to remember in using and applying factual physiological information is that


Definitions:

Pay Range

A set of possible pay rates defined by a minimum, maximum, and midpoint of pay for employees holding a particular job or a job within a particular pay grade.

Minimum Pay

The lowest legal salary that an employer can pay to an employee.

Maximum Pay

The highest salary or wage rate that an employee can earn in a specific job or position.

Broad Bands

HR strategy that uses wider salary ranges or bands to give managers more flexibility in compensating employees based on performance, rather than strict adherence to job titles or scales.

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