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Essay text:
benefits) and psychological satisfactions or psychic income.
The foundation of any HR strategies or programs will certainly be that it needs to support the organizational goals and culture. For example, if a company starts off its pay program design by asking employees why they leave, then building a pay structure around the reasons, it is in effect letting employees drive the pay program which then drives the business strategy.
As organizations operate in an environment legislated by the different governments, they are subjected to its laws. Thus compensation strategies and levels are impacted at the same time...
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