Performance Based Reward: Vital Elements of Attracting and Retaining Key Employees

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As corporations struggle to navigate the current economic storm, human resources compensation professionals are challenged with developing reward philosophies that support corporate strategy and contain costs. Performance-based rewards can increase retention among high performers and may increase turnover among low performers. [inlinead] People who feel recognized demonstrate a stronger desire to help the company grow and succeed. Therefore, having a pay for performance or incentive prog...
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