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Ii Pse's Strategy for Its Compensation and Benefit Programs is Form

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designing effective compensation system one we all know compensation management is one of the most important functions in any organization and compensation has been an extremely important issue for both employer and employee in this lesson we will explain compensation plan and business strategy discuss the process of devising a remuneration plan explain tradition basis for pay and discuss incentive pay after going through this presentation you should be able to explain the factor affecting company's competitive strategies discuss compensation plan and business strategy describe the devising remuneration plan discuss incentive pay and person focused pay factors that were usually taken into consideration while making the compensation strategy our organizations ability to pay in the long run the ability to pay more if they wish to attract and keep workers the ability to pay is very important marginal firms and nonprofit organizations like hospitals and educational institutions pai

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