Examlex
With job enrichment,employees should be given more authority over their work and provided with timely feedback on their performance.
Unemployment Rate
The percentage of the labor force that is unemployed and actively looking for employment.
Labor Force Statistics
Data and metrics that provide information about the employment and unemployment rates, workforce composition, and other labor market indicators.
Efficiency Wages
Wages set above the equilibrium level by employers to increase worker productivity, discourage turnover, and reduce shirking.
Efficiency-Wage Theory
A theory suggesting employers pay above the market equilibrium wage to increase worker productivity.
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