Competitive compensation system


A fundamental premise of a market-based economy is that each individual has the opportunity - via education, experience, hard, work and so on to enhance his or her job earning potential. As an outcome, some employees might enjoy greater earnings than their colleagues. Evaluate how an organization can make a fair, market-competitive compensation system which gives greater rewards for those who earn it, yet is viewed as fair and equitable by the organization.

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Other Management: Competitive compensation system
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