Examlex
For each work element in the time study, multiplying the mean observed time by the performance rating factor by the frequency of occurrence results in what?
On-The-Job Training
The education and training provided to employees while they perform tasks or processes related to their job at the workplace.
Human Capital
The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or the community.
Marginal Productivities
Describes the additional output generated by employing one more unit of input, holding other inputs constant.
Higher Earnings
Increased income from wages, salaries, investments, or other sources, typically compared to a previous period or average.
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