How can companies use compression pay wisely? Please read a

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How can companies use compression pay wisely? Please read and… How can companies use compression pay wisely? Please read and provide info. Please cite and provide references if necessary.There are ways companies can use compression pay wisely. If a company does partake in compression pay, they can also participate in annual or quarterly raises for their current employees (Sammer, 2019). These raises could encourage current employees and lets them know the company still values them. Sammer (2019) fosters another option of giving the new employees bonuses or a more excellent benefits package rather than increasing their base salary. Both of these are valid options to help current employees feel just as valued.References:Daly, D. (2015, October 18). Seniority versus Performance Based Pay Systems – recruit better. hire better.: Streamline your talent assessment with degarmo. Recruit better. Hire better. | Streamline Your Talent Assessment with DeGarmo. Retrieved July 29, 2022, from https://www.degarmo.com/seniority-versus-performance-based-pay-systemsSammer, J. (2019, August 16). What to do when New Workers out-earn current staff. SHRM. Retrieved July 29, 2022, from https://www.shrm.org/resourcesandtools/hr-topics/compensation/pages/when-new-hires-out-earn-current-workers-pay-attention.aspxBusiness Management Human Resource Management HCA 615

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