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In the HR Management Phase of the HR Management and Payroll

question 32

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In the HR management phase of the HR management and payroll cycle:


Definitions:

Pay Trends

The movements or developments in how employees are compensated, influenced by economic conditions, job market, and other factors.

Compensation Surveys

These are studies conducted to collect and analyze data on salaries, wages, and benefits in order to determine the market rate for specific job positions.

Performance Appraisal

A process through which an employee's job performance is evaluated, typically on an annual or semi-annual basis.

Data Collection

Data collection involves gathering information to provide insight on a specific topic or question.

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