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Discuss the chief ideas of Calvinism and show how they were similar to the ideas of Lutheranism. How did they vary from the ideas of Lutheranism? Why did Calvinism become the major international form of Protestantism?
External Equity
The perception of fairness in compensation when comparing one's salary and benefits to those in similar positions in other organizations.
Internal Equity
The principle of ensuring that employees who perform similar jobs or have comparable skills and responsibilities within an organization are paid equitably.
Competency-Based Pay
A compensation system that rewards employees based on their skills, knowledge, and performance rather than their job title or position.
Skilled-Based Pay
A compensation strategy where employees are paid based on their skills, certifications, or knowledge, rather than their job title or position.
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