What Is the Difference Between Need- and Process-Based Theories

question 105

Essay

What is the difference between need- and process-based theories?

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Definitions:

Group Level Organizational Pay

Compensation strategies that are based on the performance or outcomes of a group or team within the organization.

Stock Plan

A company program designed to provide employees with the opportunity to purchase or receive shares in the company, often as part of their compensation.

Market Prices

The current price at which an asset or service can be bought or sold in a marketplace.

HR Manager

A professional responsible for overseeing human resources functions, including recruitment, training, performance management, and ensuring compliance with employment laws.