Can we use the strategy to solve the problem

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Reference no: EM132708872

Question: It is a part of case study:

It is mid size fitness equipment manufacturing plant. Firm is facing this problem: Employees are now stating that they believe that they should be getting paid more as their skills are in great demand. Several of your small electrical motor technicians have resigned to go to your competitor as they offered a better compensation package. The shippers and receivers have threatened to quit if the motor technicians get paid more as they believe that they are equally as skilled.

Please someone can recommend what solutions I can provide as a human resource manager to our executive for this problem?

I also came across term strategic compensation. Can we use this strategy to solve this problem. Moreover, If we can use strategic compensation approach. What are the ways to solve it?

Reference no: EM132708872

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