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Major elements of effective strategic compensation system

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Reference no: EM132810786

An important component of a compensation strategy is the organizations compensation philosophy. Define what is meant by a compensation philosophy, discuss the principle components and limitations of a compensation philosophy, and answer the following two questions.

- What are the major elements of an effective strategic compensation system?

- How can strategic compensation contribute to an organization's goals and strategy?Please provide references

Reference no: EM132810786

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