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Writers Solution

Compensation has no bearing on a company’s performance

1) Describe your reaction to the following statement: compensation has no bearing on a company’s performance.

and

(2) Should the government raise the minimum wage? Explain your answer.

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Management: Compensation, Performance and the Minimum Wage

(Course Instructor)

(University Affiliation)

(Student’s Name)

Compensation has No Meaning on Company’s Performance

Thoughts

            In the modern competitive global world, attracting competent and effective workforce has become a major necessity for every organization. However, having an effective and efficient workforce is not enough if a company must realize its goals. There is often the need to offer competitive compensation that matches the employee capabilities, experience and output. Compensation is correlated to the company performance, thus it has a huge of company performance. A poorly compensated workforce is likely………………………………………………………………………………………………………………………………………………………………………………………………………………………………………….

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