Examlex
The challenge in process layouts is to arrange resources to maximize __________ and minimize ___________.
Incentive Pay
A form of compensation designed to reward employees for achieving specific goals or exceptional performance.
Performance-Based Systems
Systems that appraise and reward employees based on their performance outcomes or achievements, rather than time spent or seniority.
Monetary Rewards
Financial incentives offered to employees as recognition for their work performance, achievements, or to motivate specific behaviors.
Stock Options
A benefit often granted to employees, giving them the right to buy the company's stock at a fixed price within a specific period.
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