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The IT department at Tomas's company has decided to replace the software program that his employees use with a new program that is more complicated but also more efficient and powerful. Tomas knows that some of his employees will be nervous about the change, so he calls them together for a group meeting where he explains all the benefits of the new software program. He also assures them that they'll get plenty of training and support. Tomas is skillfully helping his team deal with:
Compensation Strategy
A plan established by an organization to attract, retain, and motivate employees through monetary and non-monetary rewards.
Effective Compensation
A pay and benefits package designed to attract, retain, and motivate employees.
Senior Management
The group of top-level executives who are responsible for managing an organization and making crucial decisions.
Strategic Changes
Alterations in an organization's long-term goals, strategies, or policies intended to improve its competitive position or adapt to changes in its environment.
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