Flexible work hours,telecommuting,child-care centers,and signing bonuses are compensation incentives used by firms during high-demand situations.

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Firms competing for workers in a high-demand situation may have to rely on compensation incentives.Premium pay is one obvious method; however,this approach may trigger a bidding war that the organization cannot sustain for an extended period.To offset the bidding war,some organizations have signing bonuses to entice individuals to join the firm.More subtle forms of rewards may be required to attract employees to a firm,such as four-day workweeks,flexible working hours,telecommuting,part-time employment,and child-care centers.

Flexible Work Hours,telecommuting,child-Care Centers,and Signing Bonuses Are Compensation Incentives Used