Compensation is one of the main tools a firm uses in its efforts to attract qualified employees.

Question

Quizplus · Accepted Answer

Compensation is a crucial factor in attracting and retaining qualified employees in any organization. Adequate compensation and benefits packages are essential to ensure that employees are motivated, engaged, and committed to their jobs. Firms may use various forms of compensation, such as base salary, bonuses, stock options, retirement plans, health insurance, and other perks, to attract talented individuals and ensure that they are satisfied with their work and compensation. Therefore, compensation is undoubtedly one of the main tools that firms use in their efforts to attract good employees.

Compensation Is One of the Main Tools a Firm Uses