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Valence Rewards
Refers to the desirability of the reward outcomes, according to the expectancy theory, influencing the motivation of individuals.
Merit Pay
A salary increase awarded to employees based on their job performance, as a method to motivate and reward excellence.
Tenure
A status granted to an employee, usually after a specific period of service, indicating a permanent position or a guarantee of employment.
Competencies
A mix of knowledge, skills, behaviors, and attitudes that a person needs to be effective in a wide range of jobs and various types of organizations.
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