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Existing Paper-Based Forms Can Help Guide the Creation of Electronic

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Existing paper-based forms can help guide the creation of electronic database forms.


Definitions:

Economic Theory

A set of principles and methodologies that explain and predict economic phenomena.

Market Rate

The average or standard amount of money paid for a particular job in the labor market.

CPI Rate

The Consumer Price Index (CPI) rate measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

Pay as an Investment

The perspective of compensating employees as a strategic investment towards achieving the organization's goals, where better pay leads to better performance and outcomes.

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