ECONOMICS
INCENTIVES
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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employee promotion
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employeeparticipation
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employee empowerement
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employee retirement
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Detailed explanation-1: -Employee involvement in the decision-making process shows those across the organization that their opinion is valued and trusted. It helps workers feel less like cogs in a machine and more like experts and consultants in their respective areas of expertise.
Detailed explanation-2: -When employees participate in management meetings or processes to systematically provide their input about decisions that affect their job, it is known as employee involvement. It is also referred to as employee engagement, participation, democracy, voice, etc.
Detailed explanation-3: -Employee participation (EP) is defined as the process where employees are involved in the decision-making processes, rather than simply acting on orders, and is a part of the process of empowerment in the workplace (Parasuraman 2017).
Detailed explanation-4: -Participative decision making (PDM) is the opportunity for an employee to provide input into the decision-making process related to work matters (i.e., work organization, task priority) or organizational issues, for example, when they have a say on promoting new strategy ideas.