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  • A Competitive Advantage Today A Competitive Imperative Tomorrow

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    Richa Agrawal
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    This document discusses achieving a competitive advantage and sustained success for an organization by properly managing compensation, both monetary and non-monetary. It touches on aligning compensation with organizational goals and individual aspirations, as well as using compensation to impact metrics like turnover, satisfaction, absenteeism, productivity, and innovation. Compensation management can help organizations gain competitive advantages through cost, quality, service, and convenience.

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    This document discusses achieving a competitive advantage and sustained success for an organization by properly managing compensation, both monetary and non-monetary. It touches on aligning compensation with organizational goals and individual aspirations, as well as using compensation to impact metrics like turnover, satisfaction, absenteeism, productivity, and innovation. Compensation management can help organizations gain competitive advantages through cost, quality, service, and convenience.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    5 views1 page

    A Competitive Advantage Today A Competitive Imperative Tomorrow

    Uploaded by

    Richa Agrawal
    This document discusses achieving a competitive advantage and sustained success for an organization by properly managing compensation, both monetary and non-monetary. It touches on aligning compensation with organizational goals and individual aspirations, as well as using compensation to impact metrics like turnover, satisfaction, absenteeism, productivity, and innovation. Compensation management can help organizations gain competitive advantages through cost, quality, service, and convenience.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Organizati-onal Individual

    Goals Aspirations
    Success

    Tools

    How to sustain it
    Transactional

    Transformational

    CompetitiveAdvantage
    eeeee

    Cost
    Quality
    Human Resource

    Serviceee
    How to achieve it

    Turnover Satisfaction Convenience

    Absenteeism Innovation
    Productivity

    In order to tune in with all


    these aspects org. go for

    Compensation Management

    Monetary Non Monetary

    Performance based Team based

    A Competitive Advantage Today A Competitive Imperative Tomorrow

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