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.

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Readings

Read the following chapters in your text, Strategic Compensation:

Chapter 1: Strategic Compensation: A Component of Human Resource Systems

Chapter 2: Contextual Influences on Compensation Practice

Recommended Readings

Read the following journal articles for further insight into this week’s topics:

Weinberger, T.E.  (1995, April).  Determining the relative importance of compensable factors. Compensation & Benefits Management, 11(2), 17.  Retrieved from the Proquest database.

Richards, D.A.  (2006, May).  High-involvement firms: Compensation strategies and underlying values. Compensation and Benefits Review, 38(3), 36-49,4-5.  Retrieved from the Proquest database.

You will find a list of websites that you may find useful under Course Materials in your online classroom.

 

DQ2

 

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.(250-300 Words)

 

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