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Critical Aspects of a Performance Management System:
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14 > Employee Compensation
Compensation Plan
Job profiling by job family will allow for a more
comprehensive market analysis for each employee and position
since the specific competencies essential to success have been
identified and can be included in the salary and benefit
package survey of the industry. Therefore, we recommend that a
firm that specializes in this service be utilized for
consulting and to ascertain the appropriate market salary
range and benefit plans by position, competency requirements,
locale, and industry. |