January 2015
Beginner
344 pages
7h 36m
English

The compensation model is a conceptual framework for the design, implementation and assessment of a remuneration strategy in organisations. It was originally designed by Milkovich and Newman (2013) in order to examine strategic choices in managing all aspects of compensation. The model describes three dimensions (Figure 61.1):
The compensation model provides a framework for examining current pay systems. It also plays a central role in creating ...
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