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Which system of wage payment should be adopted by the management which attract and retain personnel? - Business Studies

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Question

Which system of wage payment should be adopted by the management which attract and retain personnel?

Very Short Answer
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Solution

To attract and keep employees, management should adopt a fair compensation system that matches industry standards and the organization overall pay structure, recognising that no single system is suitable for all situations.

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Chapter 8: Staff Remuneration - EXERCISES [Page 116]

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Goyal Brothers Prakashan Business Studies [English] Class 12 ISC
Chapter 8 Staff Remuneration
EXERCISES | Q I. C. 3. | Page 116
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