Examlex
Power distribution is usually not visible in organizations.
Profit Sharing
An employee benefit scheme where a portion of a company's profits is distributed to the employees, strengthening their investment in the company's success.
Pay-for-Knowledge
A compensation strategy that rewards employees for acquiring and utilizing additional skills or knowledge that contribute to their job performance and organizational success.
Job Evaluation
The process of determining the relative value and importance of jobs within an organization to establish fair compensation levels.
Base Pay
The initial rate of compensation an employee receives, not including overtime, bonuses, or other additional payments.
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