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Valence
The perceived value an individual places on the rewards of an outcome in decision making or motivation.
Gain-Sharing
A compensation strategy where employees receive financial rewards based on performance improvements or cost savings achieved by their efforts.
Organizational Performance
A measure of how efficiently and effectively a company reaches its goals and satisfies its stakeholders' expectations.
Piece Rate Pay Systems
A compensation method where workers are paid a fixed sum for each unit of production completed, incentivizing higher productivity.
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