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Currency Includes

question 52

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Currency includes


Definitions:

Incentive Program

A structured plan designed to motivate and reward employees for meeting specific performance targets or objectives.

Equity

The principle of fairness and impartiality within the workplace, often relating to compensation, opportunity, and treatment of employees.

Relative Deprivation

Relative deprivation refers to the experience of feeling deprived of something to which one believes they are entitled, often in comparison to others.

Psychological Contract

An unwritten agreement that reflects the mutual beliefs, perceptions, and informal obligations between an employer and employee.

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