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Compensation and benefits

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Compensation and Benefits 1. What is the relationship among money, labor cost, profitability and knowledge in the modern democratic capitalistic society? Compare and contrast this relationship with that of a socialized or communist society. How has this relationship impacted you personally? What suggestions or recommendations can you offer? 2. Distinguish between monetary and in-kind payments. Describe the relationship between compensation and noncompensation subsystems of the reward system. Describe whether monetary and in-kind payments are sources of motivation? If they are not, defend your answer?

Reference no: EM13661352

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