Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Standard Hour Plan

Workers are paid based on the number of units they produce per hour. If they meet the production standard, they are paid a set hourly wage. If they exceed the standard, their hourly wage increases based on the number of units they produce beyond the standard.

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Page Number
75 - Creating a Variable Pay Plan
8
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Standard Error of Estimate

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Standard Industrial Classification System (SIC)

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