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Instructions: Explain/Define the Following Terms

question 42

Essay

Instructions: Explain/Define the following terms.
Versailles


Definitions:

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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