compensation

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Issue:

Miscellaneous

 

Written by:

Esperanza R

 

Date added:

August 14, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 383

 

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9432 times

 

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Essay content:

benefits) and psychological satisfactions or psychic income. The foundation of any HR strategies or programs will certainly be that it needs to support the organizational goals and culture. For example, if a company starts off its pay program design by asking employees why they leave, then building a pay structure around the reasons, it is in effect letting employees drive the pay program which then drives the business strategy...
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Thus compensation strategies and levels are impacted at the same time. Because governments are major stakeholders in determining compensation, lobbying to The labour supply and demand of particular skill-sets that organizations need has an impact on compensation. For example, if the supply of technical workers has trailed its demand, compensation will significantly increase as firms compete with each other for talents, driving rates upwards...
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