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In: Economics

What are efficiency wages and why are they important in internal labor markets? What are internal...

What are efficiency wages and why are they important in internal labor markets? What are internal labor markets and what is an important characteristic of these markets? Why do many firms base incentive pay on group performance? What is the role of the "informativeness principle" in designing a compensation package for an individual in a corporate environment? What are the factors that favor high incentive pay for an employee?

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Rahul Sunny answered 3 years ago
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