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| Message From: aishwaryaroy |
Total Posts: 29 |
Rank: Beginner |
| Post Date: 26/03/2008 05:27:52 |
Points: 145 |
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What does the compensation philosophy mean and how it can be used for recruitment and selection process ?
thanks for the help Ash
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| Message From: proftandon |
Total Posts: 74 |
Rank: Beginner |
| Post Date: 26/03/2008 05:29:04 |
Points: 370 |
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Dear Ash, Most compensation philosophies have the same basic objectives: to attract, retain and motivate the best employees. But where you go from there determines whether the philosophy is a paper abstraction that sits on a shelf or a vital tool that allows you to equitably and consistently implement your compensation programs.
A well-crafted compensation philosophy "helps tell the story of who you are as an organization and what you value as an organization," Prof Tandon
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