Question: A major factor in retaining skilled workers is a companys compensation systemthe total package of rewards that it offers employees in return for their labour.

A major factor in retaining skilled workers is a company’s compensation system—the total package of rewards that it offers employees in return for their labour. Part of this compensation system includes wages or salaries. What wages or salaries will you offer for each job? Why did you decide on that pay rate?

Hint: Refer to Chapter 8 for more information on forms of compensation.

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