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November 2001
What's the Health of Your Compensation Plan?
by Dan Archibald
How long has it been since you stepped back and looked at your compensation plan and related practices? More than likely, your response will be "too long." Sound pay practices are a vital part of good management. A lot of money is involved, and pay decisions have an important influence on employee morale and productivity. The purpose of this cost is to attract, motivate and retain employees whom you need to achieve financial and strategic organizational goals. Most compensation analysts agree th...
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