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Describe the concept of total compensation. Why is it important?

Describe the concept of total compensation. Why is it important?

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Answer: The concept of total compensation can be explained as the the commitment showed by the company to it's employees. The total compensation involves the benefits provided to the employees by their employers

It is important in because:

  • It motivates the employees.
  • Enhance productivity
  • Improve the profit.
  • It keeps the employees to stay in the organization for longer period of time.
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