Examlex
Instructions: Explain/Define the following terms.
Versailles
Pay Equity
The principle of compensating employees equally for jobs of equal value regardless of gender, ethnicity, or other non-performance-related factors.
Strategic Compensation
A systematic approach to managing a company’s payment strategies to align with its business goals and objectives.
Attracting New Employees
Strategies and practices aimed at drawing in potential candidates to fill open positions within an organization.
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