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The most effective compensation strategy is one that develops a clear link between the following components:
Examine the interrelationship between these three components by describing the purpose of each component and how it affects the others. Then explain how all three components would be used to determine the compensation for an employee. Your examination should include a salary evaluation for a position you are familiar with (Administrative Assistant, Human Resource Manager, Maintenance Worker, etc). The salary evaluation should give results for each of the three components and detail how pay is finally determined for this position based on the three components
Performance Evaluation Challenges in Public Sector - The case study scenario for this solution
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Discuss the concept of total compensation, how compensation and benefit systems are used by organizations to attract and retain qualified, skilled employees.
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