Examlex
Shaping is a strategy for changing behaviour that involves learning specific behaviours by watching others perform them.
Merit Pay
A compensation strategy that links pay increases to performance appraisal ratings.
Group Bonus
A type of incentive pay awarded to a team or group of employees for achieving specific goals or metrics.
Group Incentives
Compensation or rewards offered to a group of employees for achieving or surpassing predetermined goals as a unit.
Competition
The rivalry among businesses to attract customers, which can drive innovation and improve quality and service.
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