Examlex
Discuss the advantages and disadvantages of oral communication.
Efficiency Wages
Salaries set above the market equilibrium, intended to increase productivity and efficiency by attracting better employees, reducing turnover, and motivating workers.
Above-equilibrium Wages
Wages set higher than the market equilibrium wage, often used by employers to attract better talent, reduce turnover, or motivate employees.
Better Performance
Refers to an improvement in efficiency, effectiveness, or outcomes in any given task or operation.
Human Capital
The capabilities, understanding, and expertise held by a person or group, considered in light of their worth or expense to a company or nation.
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