What Is Pay Compression and How Can Companies Minimize the Occurrence

question 31

Essay

What is pay compression and how can companies minimize the occurrence of it?

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Definitions:

Interpersonal Attributes

Characteristics or qualities that individuals possess which affect how they interact with others, such as communication skills or emotional intelligence.

Leadership Traits

Characteristics that may contribute to an individual's effectiveness in leadership roles, such as intelligence, decisiveness, integrity, and empathy.

Physical Attributes

Characteristics of the body, including appearance, strength, agility, and other bodily traits.

Leadership Effectiveness

The extent to which a leader is able to inspire, influence, and guide individuals or teams towards the achievement of goals.