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The Components of the PRICE System of Employee Evaluation Include

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The components of the PRICE system of employee evaluation include


Definitions:

Future

A period of time that has not yet happened but is considered in terms of potential events or developments.

Labor Input

The amount of work and effort provided by workers for the production of goods and services in an economy.

Productivity

The measure of the efficiency of production, often quantified as the ratio of output to inputs in the production process.

Incentives

Motivators or rewards that influence the actions or performance of individuals or organizations towards achieving certain goals or desired behaviors.

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