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Exhibit 7.5: What Shapes External Competitiveness?

Exhibit 7.5: What Shapes External Competitiveness?

Exhibit 7.5: What Shapes External Competitiveness?

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Pay LevelPay level refers to the average of thearray of rates paid by an employer:(base + bonuses + benefits + valueof stock holdings+ other incentives) /number of employees(Milkovich, Newman, & Gerhart, 2011)

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