Employees compensation strategy Homework
Employees’ compensation strategy is critical in any organization as it determines the kind of talent an organization attracts and retains. It is, therefore, essential for any organization to come up with a better. Compensation plans highlight the variety of rewards that employees receive as an exchange of their services to an organization. The primary compensation strategy includes salary, incentives, wages, as well as commission (Bratton & Gold, 2017). Coming up with a better approach is vital in attracting the band to retain crucial talents in any organization. To ensure that organizations give fair and avoid compensation discrimination and business’s most several organizations today use a salary compensation strategy. Through this strategy, employees receive a fixed amount every month or year. Organizations need to come up with a compensation strategy that is unique to the current circumstances of a business (Bratton & Gold, 2017). It is important to note that for startup companies, it is not easy to compete with already established companies.
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