How Compensation Impacts Retention
HR Unplugged
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Navigating Total Compensation and Employee Retention
This chapter explores the critical role of total compensation in enhancing employee retention and emphasizes the necessity of effective communication regarding compensation strategies. It discusses the importance of aligning incentives with performance, encouraging professional development, and having honest conversations about compensation and career advancement. Additionally, it highlights how smaller organizations can attract talent by offering unique growth opportunities while maintaining a structured approach to compensation discussions.
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