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The Compensation Handbook, Sixth Edition: A State-of-the-Art Guide to Compensation Strategy and Design, 6th Edition by Dorothy Berger, Lance Berger

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39

Employing Novel Ways to Use Compensation to Win the Talent Wars

DEBORAH REES

Innecto Reward Consulting

Rewarding talent in organizations has become a whirling kaleidoscope of different practices, priorities, and techniques, with some organizations sticking to tried and tested “old world” approaches and other organizations completely reviewing their approach—even going so far as to say that their business model, rather than being sales led or finance led, is now talent led.

In this chapter, my objectives are to sift through and rationalize the array of practices and attempt to combine the new with the best of the old to develop a strategic direction on how to reward talent in your organization in a way that attracts, engages, and allows talent ...

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