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The demand for labour is a derived demand because it is derived from
Individual Contributions
Individual contributions refer to the unique skills, knowledge, or efforts an employee brings to their role, impacting the success and outcomes of the organization.
Incentive Compensation
A form of reward given to employees based on achieving specific performance targets, intended to motivate and improve productivity.
HR Function
The department within an organization responsible for managing human resources, including recruitment, training, compensation, and benefits.
Total Reward Model
A strategy or approach that recognizes all aspects of compensation, including financial rewards, benefits, work-life balance, recognition, and development opportunities.
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