Examlex
The Prime Meridian was adopted as a result of an international conference in 1884.
Competency-Based Pay
A salary system that bases compensation on an employee's skills, abilities, and performance rather than job title or position alone.
Commission Pay
A form of compensation based on a percentage of sales or profits generated by an employee, commonly used in sales roles to motivate performance.
Profit Sharing
Any procedure by which an employer pays, or makes available to all regular employees, in addition to base pay, special current or deferred sums based on the profits of the enterprise
Job Classification System
A system of job evaluation in which jobs are classified and grouped according to a series of predetermined wage grades.
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