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How Incentive Compensation Can Be Used to Acquire, Retain, and Motivate Talent
As companies recruit and retain workers to sustain their growth, they are entering a more competitive marketplace not just for customers, but also for talent. The competition for the best workers is becoming more fierce, and companies are finding they need to readjust their compensation packages based on the worth of the skills, experience, and other unique qualities of their workers. If companies fail to come up with an appealing pay rate, they may not recruit the talent they need to put them over the edge.