Examlex
Which of the following is the most objective approach in making employee selection decisions?
Wages
Compensation provided to workers for their work or services, commonly determined by the hour, day, or by the piece.
Wage Rates
The amount of money received per hour, day, or another unit of time for labor services.
Nominal Wages
Wages that are paid to employees not adjusted for inflation, representing the dollar amount received.
Real Wages
Wages adjusted for inflation, representing the purchasing power of the income received from work.
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