Compensation implies exchange of value between two parties

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Compensation implies an exchange of value between two parties. However, its meaning may differ or vary depending upon a particular company or country. Different societies, cultures, industries, unions, etc. all bring different perceptions and expectations to the table regarding this subject. What are your thoughts regarding what compensation is and what it should include? What are your expectations from your employer or potential employer regarding compensation?

Reference no: EM132270775

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