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Briefly Explain the Three Methods for Establishing Base Pay

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Briefly explain the three methods for establishing base pay.


Definitions:

Certification Process

A formal procedure by which an accredited or authorized body assesses and recognizes that a person, product, or organization meets certain predefined standards.

U.S. Labor Law

The body of laws and legal regulations in the United States that governs the rights and obligations of workers, employers, and unions.

Business Unionism

A labor union strategy focusing on negotiation of immediate economic benefits for workers, such as wages and job security, over broader social objectives.

21st Century

Refers to the current century, marked by advanced technology, globalization, and evolving workplace dynamics including shifts in labor relations and employment patterns.

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