Examlex
The density of an object is defined as:
Internal Equity
Refers to the fairness and consistency in pay structures for employees within the same company, ensuring equitable compensation for similar roles and responsibilities.
Salary
A fixed amount of money paid to an employee, usually on a monthly or annual basis, in exchange for their work.
Compensable Factors
Characteristics of a job that are used to determine its value and appropriate compensation, such as skill level and responsibility.
Point System
A form of job evaluation that assesses the relative importance of the job’s key factors in order to arrive at the relative worth of jobs.
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