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What is a pay system?What does an effective pay system consider or consist of?Discuss

Description Assignment: 9020D5210416 • Q1. (250-300 words) o What is a pay system? o What does an effective pay system consider or consist of? o Discuss a few of the different types of pay systems:  Performance-Based (or merit/achievement)  Membership/Seniority  Equity  Market Rate (or going rate)  Pay Grade  Knowledge/Skill-Based • […]

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