It’s fair to say that one of the goals of compensation strategy should be to strike a fair balance between the work and competition pay.” Where can compensation professionals source such market data to ensure employees receive the right level of pay for their tenure, skill-set, background, experience and industry?
What are the components of an organization’s compensation strategy? How often should it be revisited and revised?
Expert Answer
compensation is the pay offerred to the employees by an organization. it is the broder sense of measuring and calculating economic and financial rewards offered to an employee, which includes basic
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