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Efficiency Wages as an Alternative to Using Personal Economic Incentives

Lu Feng, Ponomareva Petrovna

Abstract


The article discusses the concept of “effective wages” and the advantages of using this approach when paying employees of an
organization. A comparative analysis of two approaches to stimulating workers was carried out – the introduction of effective wages and the
use of individual economic incentives.

Keywords


The article discusses the concept of “effective wages” and the advantages of using this approach when paying employees of an organization. A comparative analysis of two approaches to stimulating workers was carried out – the introduction of effective wages and the use of individual economic incentives.

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References


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DOI: http://dx.doi.org/10.18686/fm.v9i2.12466

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