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Which of the following should be included in the initial outlay?
Compensable Factors
Elements of a job that are used to determine its value and appropriate compensation, including factors like skill level, effort, responsibility, and working conditions.
Job Evaluation
A systematic process for assessing the relative worth of jobs within an organization to establish fair compensation.
Salaries and Wages
Financial compensation provided to employees for their labor, with salaries typically being a fixed annual amount and wages being based on hours worked.
Overtime Provisions
Regulations that govern the compensation for employees who work beyond the standard working hours, often entailing higher rates of pay.
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