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This report evaluates and compares different compensation strategies for a growing manufacturing company. It discusses merit-based pay, which provides annual increases based on individual performance reviews. Gain sharing is also considered, where employees share in cost savings or profit gains from meeting targets in areas like quality, safety and customer service. Finally, pay for skills, knowledge or competencies is examined, where employees are rewarded for developing strategic competencies. After analy

Author

Danny Dilts

Language

EN