Examlex
Which of these uses formal bargaining to win acceptance and approval of a desired change?
Compensation Strategy
A plan or approach designed by an organization to determine how employees are rewarded for their work, including salaries, benefits, and bonuses.
Extrinsic Rewards
Benefits or compensation provided by external factors, such as money, grades, or recognition, to motivate behavior.
Monetary Rewards
Financial incentives given to employees in recognition of their work performance, contribution, or achievements.
Nonmonetary Rewards
Nonmonetary rewards consist of benefits provided to employees that do not involve financial compensation, such as recognition or career development opportunities.
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