Components of the company approach to compensation

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Review both cases of Southwest Airlines' and Lincoln Electric company. Then answer the following questions: Please answer each question complete and as accurate as possible! Needed Like ASP!!

a. Describe the components of the company’s approach to compensation and explain whether you agree with it or not. The objectives of their total compensation practices The role of total compensation in achieving a competitive advantage. The pay mix and employee's reactions to the pay mix.

b. Which approach to compensating employees would you prefer? Why?

Reference no: EM131181201

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