Components of a compensation management system

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Define and explain fully, the concept of "Compensation," indicate what the components of a compensation management system are, and critically suggest what effective compensation policies are required by management to enhance the competitiveness of the organization.

ASSESSMENT DETAILS

(a)Definition/Explanation of compensation.

(b)Meaning of compensation management

(c)Components of a compensation management system

(d)Effective compensation policies: Discussion

(e)Suggestion of policy ingredients for competitiveness

Reference no: EM132873160

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