Examlex
Briefly describe differences between listening and hearing?
Market Pricing
The practice of setting salaries based on the prevailing wage rates for similar positions in the external labor market.
Knowledge and Accountability
The principle that having access to information or understanding responsibilities leads to being held responsible for actions and decisions.
External Equity
The fairness of an organization's pay rates in comparison to what other employers are paying for the same type of labor in the market.
Wage and Salary Surveys
Research conducted to gather and analyze information on compensation practices across different organizations or industries.
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