Discuss Compensation Strategy and Compensation Practices.
1.Compensation Strategy
Discuss the general goals of an organization’s compensation system, including how a compensation strategy works to support the organization’s business strategy. Respond to at least two of your fellow students’ postings.
2. Compensation Practices
Discuss the various factors that influence a company’s competitive strategies and compensation practices. Assess how a company can mitigate these factors using effective compensation practices. Respond to at least two of your fellow students’ postings.
Assignment – Can be completed by Saturday
Journal Article Research and Analysis
Using a variety of research techniques, write a 3-5 page essay that summarizes the impact and affect of compensation within an organization. This essay should be based on research obtained through a minimum of three journal articles.
