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COMPENSATION AND REWARDS Definition: Compensation- …
The greater the perceived disparity between my input/output ratio and the comparison person’s input/output ratio, the greater the motivation to reduce the inequity. • Vroom’s Expectancy Theory – A person’s motivation to exert some level of effort is a function of three things: • Expectancy: that effort will lead to performance.
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INDUSTRIAL (LABOUR) RELATIONS
msmemon.webs.comThe important aspects of Industrial Relations are (i) Cooperation. (ii) Conflict. Labour Relations and Employee Relations Whereas Employee Relations is a broader term which represents the relations and contacts between the Management and it’s (all) employees; Labour Relations has its field of contact between Management and employees, limited.
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