Examlex
Scores on the Social Readjustment Rating Scale are expressed in
Nominal Wages
Wages that are paid to employees in current monetary terms, without adjustment for inflation.
Economic Goal
An objective or desired outcome that societies or governments aim to achieve through economic policies and strategies, such as growth, stability, and equity.
Collective Bargaining
Collective bargaining is the process of negotiation between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights.
Fringe Benefits
Additional compensation provided to employees beyond their base wages or salaries, such as health insurance, pensions, and paid vacations.
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