Company’s Compensation Practices
Discuss the various factors that influence a company’s competitive strategies and compensation practices.
Assess how a company can mitigate these factors using effective compensation practices. Respond to at least two of your fellow students’ postings.
Compensation is a systematic approach to providing monetary value to employees in exchange for work performed. Compensation may achieve several purposes assisting in recruitment, job performance, and job satisfaction.
Compensation is a tool used by management for a variety of purposes to further the existence of the company. Compensation may be adjusted according the the business needs, goals, and available resources.
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