Personnel economics in the context of "Incentive"

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👉 Personnel economics in the context of Incentive

Incentives are anything that persuade a person or organization to alter their behavior to produce a desired outcome.

Incentives are widely studied in personnel economics, where researchers and human resource managers examine how firms use pay, career opportunities, performance evaluation, and other mechanisms to motivate employees and improve organizational outcomes. Higher incentives are often associated with greater levels of effort and higher levels of performance. In comparison, disincentives discourage certain actions.

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