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A child is shown a large box and a small box. The large box contains a 5-pound weight, and the small box contains a 10-pound weight. The child picks up the boxes and looks at them closely and then is asked which one weighs more. The child is no longer focused only on appearances, so he answers that the small box weighs more. Piaget would say that this child is in the _____ stage of cognitive development.
Compensation Practices
The methods and guidelines businesses use to determine how to compensate their employees effectively and fairly.
Effectiveness Criteria
Standards or metrics used to assess the success or performance of an employee, project, or organization in achieving its goals.
Reward System
A set of mechanisms for distributing both tangible and intangible returns as part of an employment relationship.
Compensation System
A framework used by organizations to plan, implement, and manage how employees are paid for their work, including salaries, bonuses, and benefits.
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