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November 12, 2022

Tomax Corporation has 400 employees and wishes to develop a compensation policy to correspond to its dynamic business strategy.

DQ1 Tomax Corporation has 400 employees and wishes to develop a compensation policy to correspond to its dynamic business strategy. The company wishes to employ a high-quality workforce capable of responding to a competitive business environment. Suggest different compensation objectives to match Tomax’s business goals.

DQ2 Chapter 10 discusses compensation and security. A frequently heard complaint about merit raises is that they do little to increase employee effort. What are the causes of this belief? Suggest ways in which the motivating value of merit raises may be increased.

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