Term
| how does agency theory explain pay? |
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Definition
| Owners are more likely to cut costs for personal wealth, managers can use more resources across the company. |
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Term
| is pay an effective organizational reward? |
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Definition
| yes, if pay is cut employee morale and overall productivity will decrease |
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Term
| why pay for performance instead of traditional |
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Definition
| workers who are willing to work hard and had stamina can make more each day (7 cents a ton) |
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Term
| why recognition instead of pay? |
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Definition
| recognition is a nonfinancial reward so it can be given at any time, not just 1x or 2x a year |
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