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Tournament Pay
A compensation structure where rewards are based on relative performance, often used in settings where output is hard to measure individually.
Marginal Revenue Product
The additional revenue generated from using one more unit of a factor of production, holding all other factors constant.
Productive Employees
Workers who achieve a high output in relation to their input, contributing effectively to the organization's goals.
Non-pecuniary Job Characteristics
Aspects of a job that affect an employee's satisfaction aside from monetary compensation, such as working conditions, the work itself, and social interactions.
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