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What is notional pay fixation?

Notional pay fixation refers to the process of determining an employee's salary based on a hypothetical or assumed pay scale rather than their actual current salary. This is often used in situations such as promotions, transfers, or changes in job roles where the new pay structure is aligned with a specific salary grade or level. The notional pay serves as a basis for calculating increments or benefits, ensuring that employees are compensated fairly according to their new responsibilities or position.


How do you use notional in a sentence?

Here is a sentence with the word notional, "Most of the ideas the government has are notional and not practical." This means that they only exist in theory.


What is the meaninig of forsaken?

abandoned


What is the meaninig of stroll?

to walk


What is physis suffix meaninig?

Grow


What is the meaninig of versus?

It means against.


What is the meaninig of mobbed?

Very crowded.


What is the Difference between notional amount and Market value?

Notional amount is the amount which is calculated on the underlying asset for ex: s&p index offering contract @ 250 units trading with price of 1000, than its actual notional value is 250*1000 = 250,000. which is notional amount


What is notional profit?

Notional Profit = Value of work certified-(cost of work to date-cost of work uncertified)


What is meaninig of surprise?

Surprise is something that is unsuspected


meaninig of green?

Meaning of green is hara


Depreciation is called as notional cost why and explain?

Depreciation is called a notional cost because it cannot be measured in real terms.