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1 pages/≈275 words
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0
Style:
APA
Subject:
Management
Type:
Essay
Language:
English (U.S.)
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MS Word
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$ 4.32
Topic:
Discussion on Compensation Strategy
Essay Instructions:
Instructions
Reflect on and share the compensation strategy at your current or previous employer. Which benefits are most valuable to your retention, and why? If you could make one change to the strategy that could increase the quality of potential employees, what would it be, and how would you convince the chief executive officer (CEO) to change the strategy?
Your entry must be at least 200 words in length. No references or citations are necessary.
Essay Sample Content Preview:
Compensation Strategy
Student’s Name
Institutional Affiliation
Course Name and Number
Professor’s Name
Date
Compensation Strategy
A compensation strategy determines the business’s general stance on the forms of income it offers and its significance on diverse compensation constituents in the complete rewards platform. Compensation strategies in my company, on the other hand, are schemes that shape how a company chooses worker perquisites and pay. The strategies detail the group’s payment objectives and payment estimates for several positions within the business. It also explains how the business determines employee remuneration by evaluating their performance. A competitive advantage is achieved by creating an efficient compensation system. It can also motivate employees to stay with the company.
Constructing a compensation structure can stimulate workers like me to contribute to the business’s objectives. The organization may inspire me by scheming compensation to reward enactment that equals the organization’...
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