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Suppose that a "doggie day care" firm uses only two inputs: hourly workers (labor) and a building (capital) . In the short run, the firm most likely considers
Performance Incentive
A reward system designed to enhance motivation and improve worker productivity by providing bonuses or other benefits linked to achievement of specific goals.
Retention Tool
Strategies or practices employed by organizations to keep valuable employees and reduce turnover.
Productivity Measurement
The evaluation of the efficiency of a worker, machine, or system in converting inputs into useful outputs.
Evaluation System
A formal process used to assess the performance, effectiveness, or value of individuals, projects, or programs.
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