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Summary

  • Learning Objective 1: Strategic compensation refers to the design and implementation of compensation systems to reinforce the objectives of both HR strategies and competitive business strategies. The building blocks of strategic compensation include extrinsic compensation (monetary compensation or core compensation as well as nonmonetary compensation or employee benefits).

  • Learning Objective 2: Compensation professionals must think like the Chief Executive Officer (CEO) to become a partner in achieving organizational plans and ...

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