In the Insider-Outsider Theory

question 98

Multiple Choice

In the insider-outsider theory:

• A) insiders are workers who retain employment during recession.
• B) insiders are managers who have more information about their firms' performance than outsiders.
• C) insiders are "principals" and outsiders are "agents."
• D) outsiders are foreigners.

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Definitions:

Job Content-Based Pay

A compensation strategy where wages are determined by the nature, complexity, and responsibility level of the work performed, rather than by the individual characteristics of the employee.

Extrinsic Rewards

Benefits given to an individual, such as pay, bonuses, or other incentives, which come from an external source rather than the satisfaction from the task itself.

Intrinsic Motivation

A drive to engage in activities due to internal rewards and personal satisfaction, rather than for external rewards.

Inherent Rewards

Inherent Rewards are the personal satisfaction and inner fulfillment individuals receive from engaging in meaningful work or accomplishing a task.