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What is considered the biggest challenge in business today concerning compensation of employees?
July 30, 2015 5:38PM
Better asked is what is a company's biggest challenge in business today concerning employee compensation. First the term compensation requires a definition. In today's world a company's human resources department manages employee benefits and compensation. Benefits relates normally to health insurance coverage and pensions. For the most part compensation refers to direct and bonus pay to its employees. In that regard, direct pay, bonuses and incentive pay must be competitive with similar companies. This is the biggest challenge.