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Strategic Compensation: A Human Resource Management Approach, 9/e
book

Strategic Compensation: A Human Resource Management Approach, 9/e

by Joseph J. Martocchio
January 2016
Intermediate to advanced content levelIntermediate to advanced
480 pages
20h 58m
English
Pearson
Content preview from Strategic Compensation: A Human Resource Management Approach, 9/e

Strategic Compensation Decisions

  1. 3 Explain strategic compensation decisions.

Compensation professionals provide a strategic contribution to the company when they can answer yes to the following three questions:

  • Does compensation strategy fit well with the objectives of competitive business and HR strategies?

  • Does the choice and design of compensation practices fit well to support compensation strategy?

  • Does the implementation of compensation practices effectively direct employee behavior to enhance job performance that supports the choice of compensation practices?

Companies base strategy formulation on environmental scanning activities. Discerning threats and opportunities is the main focus of environmental scanning. A threat suggests a negative ...

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Publisher Resources

ISBN: 9780134320540