Examlex
RICO typically addresses which of the following activities?
Wage Compression
A situation where differences in wages between employees become small, often because of external pressures, leading to reduced pay gaps between new and experienced employees, or between different job roles.
Annual Basis
Refers to calculations, measurements, or assessments made over the course of a year.
Increased Turnover
A higher rate at which employees leave a company and are replaced, which can indicate dissatisfaction or a dynamic job market.
Compa-ratio
A comparative ratio used in compensation management to determine an employee's pay relative to the midpoint of the market or their pay grade.
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