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Salary Administration Strategy Pros and Cons

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Please help with the following problem. Provide 200 to 300 words.

Select a company or environment of your choice. Choose a type of salary administration strategy (pay for skills, piece rate, pay for performance, etc) and discuss the advantages and disadvantages of your choice resulting in your recommendation of whether this type is suitable for retaining employees in the company or environment you chose.

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This posting gives you an in-depth insight into salary administration strategy. The strategy discussed is seniority.

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Problem: Select a Company or environment of your choice. Choose a type of salary administration strategy (pay for skills, piece rate, pay for performance, etc) and discuss the advantages and disadvantages of your choice resulting in your recommendation of whether this type is suitable for retaining employees in the Company or environment you chose. (200-300 words)

Solution: The company that I want to discuss is American Express. The salary administration is in terms of ...

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