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A procedure in which an organization compares its own practices against those of successful competitors.
benchmarking
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Reducing the number of levels in the organization's job structure.
delayering
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Managers, outside salespeople, and any other employees not covered by the FLSA requirement for overtime pay.
exempt employees
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Federal law that establishes a minimum wage and requirements for overtime pay and child labor.
Fair Labor Standards Act
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Rate of pay for each hour worked.
hourly wage
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An administrative procedure for measuring the relative internal worth of the organization's jobs.
job evaluation
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The relative pay for different jobs within the organization.
job structure
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The lowest amount that employers may pay under federal or state law, stated as an amount of pay per hour.
minimum wage
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Employees covered by the FLSA requirements for overtime pay.
nonexept employees
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Adjustment to a pay rate to reflect differences in working conditions of labor markets.
pay differential
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Sets of jobs having similar worth or content, grouped together to establish rates of pay.
pay grades
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The average amount (including wages, salaries, and bonuses) the organization pays for a particular job.
pay level
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A graphed line showing the mathematical relationship between job evaluation points and pay rate.
pay policy line
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A set of possible pay rates defined by a minimum, maxiumum, and midpoint of pay for employees holding a particular job or a job within a particular pay grade.
pay range
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The pay policy resulting from job structure and pay-level decisions.
pay structure
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Rate of pay for each unit produced.
piecework rate
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Rate of pay for each week, month, or year worked.
salary
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Pay structures that set pay according to the employee's level of skill or knowledge and what they are capable of doing.
skill-based pay systems
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