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Assess the concept of market competitiveness in relation to an organization's pay system, particularly when it is unable to offer its employees market competitive salaries because of a lack of financial resources.

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Assess the concept of market competitiveness in relation to an organization's pay system, particularly when it is unable to offer its employees market competitive salaries because of a lack of financial resources.

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Market competitiveness in relation to an organization's pay system means implementation of a compensation system that is competitive with pay systems/compensation systems of peer companies or other organizations in the industry. In other words, the company's pay should be inline with the ongoing trends/pay level in the industry. If the compensation will be lower than ...

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Sheetal Jain, PGDM
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  • BComm, University of Delhi
  • Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
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