There are discrepancies between the pay rates of a company and the pay structure in the market when a company sets its pay rates strictly based on a pay policy line.
A pay rate can be defined as a measure of the amount of money that is being paid by a company to its employees (workers) per period of work or unit of production, which is usually on a hourly, weekly, or monthly basis.
In business management, discrepancies would generally exist between the pay rates of a company and the pay structure in the market when a company sets its pay rates strictly based on a pay policy line.
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