is compensation linked to an organization retentionstrategy?

is compensation linked to an organization retention strategy?

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Expert Solution

Yes, compensation is linked to employee retention strategy as the retention strategy are the ones which motivates the employees to stay in the job, and in a recent survey it has been noted that almost 28% of the employees do not leave the job because of the financial stability. The compensation is provided so that employees are been provided with financial stability. The compansation benefits also provide health and medical assurance which also provides the employees with the reason to stay in the organization. These organization provide the lure of promotion or increase in pay if the employees want to leave the organization and because of these benefits the employee does not leave the organization.

Rahul Sunny answered 1 year ago

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