Identify/define and Explain the Significance of the Following: Ius Gentium

question 61

Essay

Identify/define and explain the significance of the following: ius gentium.

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Definitions:

Gain Sharing

A compensation strategy where employees receive financial rewards based on improvements in the company's performance, meant to increase productivity and morale.

Pay-For-Performance

Pay-For-Performance is a compensation strategy where employees' compensation is directly linked to their performance or achievements.

Organizational Productivity

The measure of how efficiently and effectively an organization uses its resources to achieve its goals.

Gain Sharing

A performance-based compensation model where employees receive bonuses or rewards based on the productivity improvements or successes of their organizational unit.