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  2. Wage labour - Wikipedia

    en.wikipedia.org/wiki/Wage_labour

    The differences show up in the form of: Employment status – a worker could be employed full-time, part-time, or on a casual basis. They could be employed for example temporarily for a specific project only, or on a permanent basis. Part-time wage labour could combine with part-time self-employment.

  3. Economic rent - Wikipedia

    en.wikipedia.org/wiki/Economic_rent

    In regard to labor, economic rent can be created by the existence of mass education, labor laws, state social reproduction supports, democracy, guilds, and labor unions (e.g., higher pay for some workers, where collective action creates a scarcity of such workers, as opposed to an ideal condition where labor competes with other factors of ...

  4. Labor theory of value - Wikipedia

    en.wikipedia.org/wiki/Labor_theory_of_value

    For example, if the period in question is one week and these workers collectively are paid $1,000, then the time necessary to add $1,000 to—while preserving the value of—constant capital is considered the necessary labor portion of the period (or week): denoted .

  5. Compensation and benefits - Wikipedia

    en.wikipedia.org/wiki/Compensation_and_benefits

    Self determination theory (SDT) [38] suggests that people in the workplace are generally motivated by either intrinsic or extrinsic rewards or rather lie on a continuum between the two. Extrinsic rewards are tangible or visible rewards and can include financial compensation (salary, wages, bonuses etc.) and promotion.

  6. Reward management - Wikipedia

    en.wikipedia.org/wiki/Reward_management

    The first fundamental of reward begins with basic pay or salary. This is an agreed upon amount of money, awarded to an employee in exchange for an agreed upon service, outlined within the relevant employment contract or Earnings Based Agreement (EBA). Basic pay is fixed, consistent and guaranteed. Another form of reward is variable pay.

  7. Labour economics - Wikipedia

    en.wikipedia.org/wiki/Labour_economics

    Labour economics, or labor economics, seeks to understand the functioning and dynamics of the markets for wage labour. Labour is a commodity that is supplied by labourers, usually in exchange for a wage paid by demanding firms.

  8. Law of value - Wikipedia

    en.wikipedia.org/wiki/Law_of_Value

    Thus, things have an "economic value" simply and only because it takes human labour-time to make them. This value exists and persists quite independently of fluctuating prices in markets. Although they are connected, the value relationships between labour-products and price relationships can vary independently of each other, within certain limits.

  9. Remuneration - Wikipedia

    en.wikipedia.org/wiki/Remuneration

    Remuneration is the pay or other financial compensation provided in exchange for an employee's services performed (not to be confused with giving (away), or donating, or the act of providing to). [1] A number of complementary benefits in addition to pay are increasingly popular remuneration mechanisms.