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How does an employer determine employee compensation for increased retention?

Publication: San Diego Business Journal
Publication Date: 27-MAR-06 		Format: Online
Delivery: Immediate Online Access
Full Article Title: How does an employer determine employee compensation for increased retention?(Years of experience of employers retain employees)

Article Excerpt
HR Outsourcing

All employers, at some point or another, have had to make o decision on how to compensate their employees. Most employers went to be confident that they offer salaries high enough to attract and retain high-caliber candidates and most would agree that paying more for a quality employee is a worthwhile investment. However, companies often find it challenging to strike a balance between paying generously and not eroding the company's profits. While there is no steadfast formula to determine employee pay, Joseph Kilmortin, Director of Compensation at Salary.com, shared his thoughts on what employers should consider when determining compensation rates.

According to Kilmartin...

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