Developing a compensation strategy

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Reference no: EM133740128

Read the entire Chapter 1.
Focus your attention on Forms of Pay.
Based on your experiences, describe the forms of pay available in your organization. Use the Total Returns for Work in Exhibit 1-4 in Chapter 1.
You can include in your discussion such areas as base pay, bonus programs, merit pay, and wages based on union contracts. Please just provide a brief description of those that you include in your discussion. Your response needs to be around 200 to 300 words.


Read the entire Chapter 2.
Focus your analysis on Developing a Total Compensation Strategy: Four Steps.
Based on your own work experiences or your own assessment from your reading in the textbook, discuss each of the steps in developing a compensation strategy and provide examples of various action steps by HRM to formulate the strategy.
You do not need to analyze each component in each Step. Select the ones that you feel are most important. Discuss each of the Four Steps. Your response needs to be around 200 to 300 words.

Reference no: EM133740128

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