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Identify the components of a compensation system

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Reference no: EM133143165

Do A, B, and C (Please cite sources when responding each questions.)

A. Identify the components of a compensation system and describe how expectancy and equity theory apply to compensation.

B. Identify three basic issues that make up the organization's compensation strategy.

C. Identify and describe (at least 2) various pay programs: merit pay, pay for performance, incentives (bonuses, profit sharing, group incentives, gainsharing) (SHRM)

Reference no: EM133143165

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