Directorate of distance education master of business administration

Glossary
1.  Job Evaluation:   It is an integral part of a compensation system in 
which a company determines the relative value of one job in relation 
to another. 
2.  Compensation:  Remuneration paid by employers to employees in 
exchange of physical, emotional or intellectual labour. 
3.  QWL:    The extent to which employees are able to satisfy important 
needs through their experiences in the organization. 
4.  Productivity:     It is the overall ratio of outputs of all goods and 

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services produced to the inputs needed to generate that output, 
taking into account both the quantity and quality.