case 7 hr case

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Explanation & Answer

Attached.

Running head: MANAGING COMPENSATION COSTS

“Still Your Turn – Managing Compensation Costs, Headcount, and Participation /
Communication Issue”
Name
Institution

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MANAGING COMPENSATION COSTS

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“Still Your Turn – Managing Compensation Costs, Headcount, and Participation /
Communication Issue”
Employers can control labor costs by strategic planning. In this case, the company
ensures that it has the right number of workers that match its workforce needs, while ensuring
that the productivity of the workers is also good enough to match their continuity in the
company. In this regard, it is worth noting that companies that face serious compensation issues
when they during periods of financial difficulty are those that did not plan for labor costs
(Milkovich, Newman & Gerhart, 2014). In this regard, such firms may opt to lay off some o...


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