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Compensation program A compensation program encompasses m

area.

In some cases, companies will choose to bring in employees from outside the area, and if the local job market shows that it cannot produce the types of employees that XXX needs, this is certainly one option. However, because the company is just starting up, the relocation costs that would be associated with this type of program may be prohibitive. Because the company knows the types of people it needs in several years, it should investigate the possibility of establishing an internship program with a local college or university in order to train future employees at low cost.

Any compensation program must reflect the compensation philosophy of the organization, and this philosophy is a direct outgrowth of the company culture and the vision that the owner and management has established. At XXX, the goal is to become a dominant producer in the various vertical markets where the company operates, with the result that the company places a high value on customer service and employee sati

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Compensation program A compensation program encompasses m. (1969, December 31). In LotsofEssays.com. Retrieved 08:10, May 13, 2024, from https://www.lotsofessays.com/viewpaper/1692636.html