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  2. Wage compression - Wikipedia

    en.wikipedia.org/wiki/Wage_compression

    Increases in minimum wage tends to result in junior (low-skilled) workers being overpaid relative to their senior (high-skilled) peers (i.e., If the minimum wage in a region increases from $20 to $25, therefore new employees receive $25 per hour, while current employees with 3 years' experience are being paid $26.50 per hour).

  3. Master of Psychology - Wikipedia

    en.wikipedia.org/wiki/Master_of_Psychology

    They can be simply psychology, applied psychology, clinical psychology, counseling psychology, and industrial psychology. All these programs differ in content and help people work in various sector. Few government and private universities offering masters in psychology without undergraduate degree in psychology.

  4. The average salary by education level - AOL

    www.aol.com/article/finance/2017/03/01/the...

    Let’s take a closer look at the average salary by education level to see what dividends education pays.

  5. List of credentials in psychology - Wikipedia

    en.wikipedia.org/wiki/List_of_credentials_in...

    PhD degrees are awarded in social work, counselor education, and marriage and family therapy. Doctor of Education (EdD) - Similar to PhD but granted by a college of education within a university. This degree is based on the scientist-practitioner model which prepares the holder for both types of work, i.e., clinical as well as research.

  6. Performance-related pay - Wikipedia

    en.wikipedia.org/wiki/Performance-related_pay

    What fraction of pay depends on performance, and what is meant by performance, can vary widely. [1]Research on extreme high-stakes incentives [2] funded by the Federal Reserve Bank undertaken at the Massachusetts Institute of Technology with input from professors from the University of Chicago and Carnegie Mellon University repeatedly demonstrated that as long as the tasks being undertaken are ...

  7. Salary - Wikipedia

    en.wikipedia.org/wiki/Salary

    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.

  8. Merit pay - Wikipedia

    en.wikipedia.org/wiki/Merit_pay

    In this program, salary raises are based on some aspects of teacher performance, measured by a combination of observations and student test scores. TAP teachers can advance their career in three ways: (1) remain in the classroom and become a mentor to others, (2) leave the classroom and become a master teacher, or (3) advance to administration ...

  9. Student financial aid in the United States - Wikipedia

    en.wikipedia.org/wiki/Student_financial_aid_in...

    In the college financial aid process in the United States, a student's "need" is a figure that colleges use when calculating how much financial aid to offer a student. It is determined by taking the college's Cost of Attendance, which current rules require each college to specify. Then it is subtracted the student's Expected Family Contribution ...