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Generally, Crises affect businesses negatively and therefore, many businesses revise their policies to cope with the challenging situation. Currently, COVID-19 adversely affects almost every business in the world. To keep employee retain and engage are one of the main challenges for organizations and many organizations are trying to tackle this challenge through various alternatives. Consider yourself as an HR manager of a Pharmaceutical company in Karachi and answer the following policy questions.

1. what are those factors that you will consider for designing the incentive plan to retain your best employees (i.e. direct financial payments or indirect financial payments)? (250 words) 5 Marks

2. Which of the following approach is best suited to evaluate the compensation of employees in the current situation? Support your answer with an example.

Job Evaluation approach, 2) Market-based approach