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Implicit Contracts Are Employment Contracts That Stipulate Workers' Wages for a Specific

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implicit contracts are employment contracts that stipulate workers' wages for a specific period of time, usually 1 to 3 years.


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Data

Information collected for analysis or used to make decisions, which can be quantitative or qualitative in nature.

HRM Practice

The strategies, policies, and practices implemented by an organization to effectively manage its human resources and maximize their performance.

Performance Management System

A framework for managing and evaluating employee performance towards achieving business objectives.

Customer Satisfaction

Measures how well a company’s products or services meet or surpass customer expectations.

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