Tag: Compensation
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Walmart’s Compensation Strategy to Retain Talent
When the employee attrition rate increases for companies with high turnover costs, one of the many changes they can implement is a modification in compensation. This could involve simply increasing the base salary or altering the pay mix strategy. The…
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Indian Laws Relevant to Compensation
Payment of Wages Act, 1936 The act was introduced as a measure in response to illegal deductions in the wages by the management and delay in disbursing the salaries of workers. The act mandated timely payment of wages without unauthorized…