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compensation
Essay specific features
Written by:
Esperanza R
Date added:
August 14, 2012
Level:
University
Grade:
A
No of pages / words:
2 / 383
Was viewed:
9487 times
Rating of current essay:
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...
displayed 300 characters
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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...
displayed 300 characters
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