Examlex
In a payroll processing DFD,the "prepare reports" activity will be represented by ________,the "employee payroll file" will be represented by ________,and the "management" will be represented by ________.
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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