Why you think your approach is best

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Reference no: EM133479378

Question: Organizations have different philosophies about compensation. Some want to be an industry leader, some want to be competitive but not a leader, some want to trail the market. Some consider rewarding seniority important while others want to focus exclusively on merit. Each approach has costs and benefits. Each has HR, staffing and profitability impacts. Tell us, as a manager, your approach to compensation, what you think the advantages and disadvantages are and why you think your approach is best.

Reference no: EM133479378

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