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What is Thorndike's Law of Effect and explain its significance with reference to the reinforcement theory.
E. L. Thorndike's Law of Effect states that a response followed by a reward is more likely to recur in the future. The implication for compensation management is that high employee performance followed by a monetary reward will make future high performance more likely. By the same token, high performance not followed by a reward will make it less likely in the future. The theory emphasizes the importance of a person's actual experience of a reward.
Unemployment
The situation of being without a job while actively looking for work, often measured as a percentage of the workforce.
Psychological Problems
Refers to disorders or issues that affect an individual's mental health and well-being, spanning a wide range of conditions.
Psychological State
The condition of an individual's mental and emotional well-being at a specific time, influenced by various factors including mood, environment, and health.
Cynicism
An attitude characterized by skepticism towards the motives or virtues of others, often expressing a general distrust of others' apparent sincerity or intentions.
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