The objectives of a good compensation plan should be viewed only from the company's perspective.

Question

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The objectives of a good compensation plan should also take into account the needs and expectations of the employees, such as attracting and retaining talent, motivating performance, and promoting job satisfaction. A compensation plan that only benefits the company without considering the employees may not be effective in achieving the company's goals in the long run.

The Objectives of a Good Compensation Plan Should Be Viewed