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Reward (important career aspects for malawians (social relations, work…
Reward
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reward equity
internal equity
based on paying jobs of equal value the same amount and different value an acceptable set of differentials established through job evaluation
external equity
exists when a firms employees are paid comparable to others in the industry. established through wage surveys
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Contingent pay
any formal pay scheme that provides for payments on top of the base rate which is linked to perfomance, competency, contribution or skill
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