Examlex
Zack had a score of 90 in a class with a mean of 80 and a standard deviation of 10.His z-score is
Pay for Knowledge
A compensation system where employees are paid based on the range and depth of their skills and knowledge, rather than strictly on their job position or seniority.
Performance Pay
Compensation model where employees are rewarded based on their job performance, including quality and efficiency, often used as an incentive to enhance productivity.
Compensation Mechanism
A system or method used to determine and distribute salary, benefits, and other forms of pay to employees in exchange for their work.
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
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