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1. Employees skills mapping.
2. Performance management.
3. Knowledge skills, experience ant attitude.
The compensation policy need to be aligned with the overall mission and vision of the organization, you cannot reward individuals and aim at developing teams. All HR functions from recruitment to performance management need to speak the same language; this is what we promote and this is what we are looking for and last but not in any way least: this is what we pay for.
Because this will attract the right talent to the organizations talent pool so that strategic objectives of the company can be better addressed with the right skills in the industry.