Examlex
In those organizations where formal planning did not lead to higher performance, the culprit was which of the following?
Compensating Differential
The additional amount of income that an employee requires to accept a job that entails less desirable aspects, such as longer hours or higher risks.
Human Capital
The economic value of a worker's experience and skills, including education, training, intelligence, skills, health, and other things employers value such as loyalty and punctuality.
Unskilled Labor
Labor that requires no specialized skills, education, or training for its performance.
Productivity Gains
Increases in the amount of output produced per unit of input, reflecting improvements in efficiency, technology, or processes.
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