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Extrinsic Motivation
The drive to perform actions or engage in activities due to external rewards or pressures.
Performance-Based Pay
A compensation strategy that ties employee pay directly to their performance, encouraging higher levels of output or quality.
Psychological Distance
The feeling of how close or far off an object or event is to an individual, psychologically, rather than in a physical manner.
Skill-Based Pay
A compensation system where pay levels are determined by an employee's skills or knowledge, not just job title or position.
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