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3. Henry is the marketing manager of a small electronic appliances company. He has conducted a thorough study on why employee turnover is very high

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3. Henry is the marketing manager of a small electronic appliances company. He has conducted a thorough study on why employee turnover is very high in his department. It is clear that current motivation levels are very low and there is not much that the company has done to retain its best employees. One major impediment is that the pay structure does not reflect market realities and there is hardly any role for incentive compensation. What kind of pay structure is likely to reduce employee turnover in this company

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