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What Are the Different Steps in Formulating a Total Compensation

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Essay

What are the different steps in formulating a total compensation strategy? List them in their order of occurrence.


Definitions:

Special Assignments

Tasks given to employees outside of their usual responsibilities, often to harness their specific skills or to provide them with new challenges.

Political Behaviour

Activities within organizations that involve power and influence tactics to achieve personal or organizational objectives.

Status Quo

The existing state or condition of affairs, often used in context to resist changes or maintain current circumstances.

Short-Term Performance

Assessment of an individual's or entity's achievement or results over a brief period, typically less than a year.

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