Factors That Must Be Taken into Account When Building Compensation

question 21

True/False

Factors that must be taken into account when building compensation systems include the labor market,labor unions,interindustry wage differentials,the economy,and legislation.

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Definitions:

Research Design

The strategic plan outlining the methods and procedures for collecting and analyzing data in a study, aimed at addressing specific research questions.

Observational Method

A research technique that involves watching and recording the behaviors of subjects in their natural environment or in a controlled setting.

Causal Logic

The relationship between a condition or variable and a particular consequence, with one leading to the other.

Dependent Variable

In research, a variable that is expected to change as a result of manipulation or changes in the independent variable.