Question: Designing Compensation Systems When designing a compensation system for an organization, it is important to have a compensation philosophy which serves as a framework for

Designing Compensation Systems

When designing a compensation system for an organization, it is important to have a compensation philosophy which serves as a framework for making decisions about various components of the system.

Tasks:

One question to be addressed is how can your compensation program help the organization be successful (e.g., be able to attract and retain talented workers needed to be competitive in the marketplace)?

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