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PayScale is the largest real-time online employee salary database in the world. Our data is composed of millions of PayScale Salary Surveys taken by curious individuals who answer questions such ...
A pay scale (also known as a salary structure) is a system that determines how much an employee is to be paid as a wage or salary, based on one or more factors such as the employee's level, rank or status within the employer's organization, the length of time that the employee has been employed, and the difficulty of the specific work performed.
Historically, wage compression tends to occur when employees in identical jobs (e.g. Financial Analysts) are paid wages based on a broad range, instead of having a designated pay range for each level of a position (e.g. Financial Analyst - Level 1 [Year 1], Financial Analyst - Level 2 [Year 2], etc.).
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Data science is multifaceted and can be described as a science, a research paradigm, a research method, a discipline, a workflow, and a profession. [4] Data science is "a concept to unify statistics, data analysis, informatics, and their related methods" to "understand and analyze actual phenomena" with data. [5]
Salary can also be considered as the cost of hiring and keeping human resources for corporate operations, and is hence referred to as personnel expense or salary expense. In accounting, salaries are recorded in payroll accounts. [1] A salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed.
Data science process flowchart from Doing Data Science, by Schutt & O'Neil (2013) Analysis refers to dividing a whole into its separate components for individual examination. [ 10 ] Data analysis is a process for obtaining raw data , and subsequently converting it into information useful for decision-making by users. [ 1 ]
“Wouldn’t budge from $62,500 for a downtown loft. Owner wanted 65k. Unit sold for $275,000 1 year later.” – u/EMH55 2. Kids Do the Darndest Things