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The major difference between Levinson and Vaillant is that Vaillant's theory
Lag The Market
A compensation strategy where an organization deliberately sets wage levels below the average market rate, often due to financial constraints or strategic choice.
Compensation Strategy
A plan established by an organization to determine how to reward employees effectively, taking into account salaries, benefits, bonuses, and other forms of compensation.
Turnover Costs
Expenses related to replacing employees who leave the organization, including recruitment, training, and lost productivity.
Recruitment Costs
Expenses incurred by an organization in the process of finding and hiring new employees, including advertising, interviewing, and training expenses.
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