Explain the Three Key Variables in Expectancy Theory

question 32

Essay

Explain the three key variables in expectancy theory.

Understand the role and importance of employee empowerment and decision-making in organizational performance.

Identify the challenges and strategies related to workforce diversity and labor supply forecasts.

Recognize the significance of skills, especially technical and interpersonal skills, in the contemporary labor market.

Understand the concept and components of high-performance work systems.

---

Definitions:

Categorical Variable

A variable that represents groups or categories, which are not numerical.

Regression Equation

An equation that describes the average relationship between a dependent variable and one or more independent variables.

Coefficient Of Determination

A metric quantifying the amount of variation in a dependent variable accounted for by one or more independent variables within a regression model.

Interaction

In statistics and research, it refers to a situation where the effect of one independent variable on a dependent variable changes depending on the level of another independent variable.