Compensation and Performance Management

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* for each point should be 200 word

Generally, a firm, which is prosperous and successful, has the ability to more than the competition. However, there are numerous other factors that influence compensation policy.”

Discuss and explain any five relevant factors that influence compensation policy of an organization.

1- Demand and supply of labor

2- the economy

3- employee

4- compensation policy

5- job analysis and description.