Asked by
Meredith Yongco
on Nov 16, 2024Verified
It is likely that efficiency wages will decrease employee effort.
Efficiency Wages
Wages that are deliberately set above the market equilibrium level to increase worker productivity and efficiency.
Employee Effort
The level of exertion, both physical and mental, that workers contribute to their job tasks to achieve organizational goals.
- Acquire knowledge on the notion of efficiency wages and its influence on employment market consequences.
Verified Answer
RO
Learning Objectives
- Acquire knowledge on the notion of efficiency wages and its influence on employment market consequences.