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Compensation & Benefits
UCC Executive Short Course

Strictly defined, compensation refers to the financial returns and tangible benefits which employees receive as part of the employment relationship. Perceptions of compensation vary however for the major stake-holders and an understanding of the contrasting perspectives is also critical to the effective management of the system. The potential for using the compensation system to influence employee’s attitudes and behavior needs to be recognized as a vital source for achieving a competitive advantage.

 

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