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Establish the value of compensation for a position

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Reference no: EM133162429

How does a company know what to pay an employee or how does it establish the "value" of compensation for a position?

What are the criteria a company uses to determine where a new employee should be placed within the designated pay range? When an employee "negotiates" initial base pay, how much allowance does a company have to adjust their initial offer?

Reference no: EM133162429

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