Question related compensation and incentive plans

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Question related Compensation and Incentive Plans

How might organizations use various compensation methods to remain competitive? How might compensation strategies be used to improve the organization's performance? What is the relationship between compensation strategies and employee retention?

What are incentive plans? How might they help the organization to achieve their objectives? Do incentive plans really improve performance and are they cost effective? Why or why not?

Reference no: EM1340794

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