Both pay level and pay forms focus on two objectives: to control costs and to reduce the need for employees.
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Q23: A policy to pay below market rates
Q24: The wage level below which an employee
Q25: Competition in the labour market for people
Q26: Pay level is the average of the
Q27: Pay forms refer to the pay relationships
Q29: Employers who use no-mix strategy compete by
Q30: The marginal product of labour is the
Q31: Efficiency wage theory says that if a
Q32: The marginal revenue of labour is the
Q33: Given the choice to match, lead, or
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