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Some of the motivation factors identified by Herzberg are somewhat similar to the higher order needs (e.g. ,esteem and self-actualization)identified by Maslow.
Gainsharing
A compensation system where employees receive bonuses based on the improvement of operational efficiency and performance within an organization.
Merit Pay System
A compensation strategy where employees receive pay increases based on their performance evaluations.
Gainsharing
A performance-based compensation program where the savings or gains from increased productivity are shared with employees.
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