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A Type of Job Evaluation System Which Determines the Value

question 34

Multiple Choice

A type of job evaluation system which determines the value of a specific job by calculating its compensable factors is the _____.


Definitions:

Incentive Plan

A reward system used by companies to motivate and financially compensate employees based on achieving specific performance targets.

Organization's Goals

The objectives or targets a company aims to achieve, guiding its operations and strategic planning.

Retention Bonus

A financial reward offered to an employee as an incentive to remain with the company, underlining the organization's appreciation for their contribution.

Piecework Rate System

A compensation system where employees are paid based on the quantity of units they produce or complete, rather than receiving an hourly wage.

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