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Human Resource Question - compensation methods

How can organizations use various compensation methods to remain competitive? How can compensation strategies be used to improve the organization's performance? What is the relationship between compensation strategies and employee retention?

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How can organizations use various compensation methods to remain competitive?

Organization can use compensation methods to remain competitive by attracting and retaining the best talent in the industry or marketplace. In other words, by using attractive compensation structure which is on par with the best in the industry, firms can score over their competitors by attracting the most talented professionals or workers in the marketplace and retaining such employees or ...

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How can organizations use various compensation methods to remain competitive? How can compensation strategies be used to improve the organization's performance? What is the relationship between compensation strategies and employee retention?

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