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Compose a 3 to 5 page paper which assesses the concept of market competitiveness in relation to the organization's pay system, specifically when it is not able to offer its employees market competitive salaries because of a lack of financial resources. Suggest alternative approaches for organizations that have limited financial resources and outline at least three specific steps which could be taken to minimize the impact this could have on the firm's success. 

Management Theories, Management Studies

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