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How to formulate Pay Strategy ?

HR Consulting Administration Management HR Management
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Question added by AHMED IMRUL KAYES , Senior Consultant , HR Bangladesh Ltd.
Date Posted: 2015/04/25
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  1. Define your compensation philosophy.
  2. Link compensation to your overall business strategy.
  3. Change the culture and reinforce it with compensation.
  4. Reward the behaviors that drive the results.
  5. Think total compensation.
  6. Measure your return on invested payroll

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