Examlex
Equivalent units of production is an engineering term used to describe the process by which one company attempts to manufacture units of a product that are equivalent to the product manufactured by a competitor.
Pay Structuring
The method by which organizations standardize the compensation provided to employees, including base pay, bonuses, and increments.
Compensable Factors
Elements of a job that are used to determine its value and appropriate compensation, such as skill level, effort, responsibility, and working conditions.
Two-Tier Wage System
A salary structure where workers performing the same job or function are paid differently based on certain criteria, typically involving new hires being paid less than more senior employees.
Equity
Equity refers to fairness or justice in the way people are treated. In financial contexts, it also represents the ownership interest of shareholders in a corporation.
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