Examlex
_____ are used primarily to present information to persons outside the organization.
Skill-Based Pay System
A compensation strategy where employees are paid based on the skills, knowledge, and capabilities they bring to their job, rather than their job title or position alone.
Pay Ranges
The spectrum of compensation an employer is willing to offer for a specific job, measured from minimum to maximum, based on factors like experience and skill level.
Personal Competency Levels
The range of skills, knowledge, and abilities that an individual possesses, which can contribute to their performance and success.
Job Evaluation
A systematic process for determining the relative worth of jobs within an organization for purposes of establishing salaries and wage levels.
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