The fourth step of formulating a total compensation strategy is to reassess.

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Reassessing is the fourth and final step in formulating a total compensation strategy. This involves reviewing and evaluating the effectiveness of the compensation strategy to ensure that it aligns with the organization's goals and objectives and meets the needs of employees. Based on the review, adjustments may be made to the compensation strategy to ensure its continued relevance and effectiveness.

The Fourth Step of Formulating a Total Compensation Strategy Is