HRM 430 Compensation and benefits Your assignment is to write a short paper (500–750 words) defining compensation, compensation philosophy, and critical components of a compensation strategy. Provide one solid example of an effective compensation practice/policy. Your paper will be graded on the following:
· definition of compensation;
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Get Help Now!· overview of compensation philosophy;
· critical components of a compensation strategy; and
· example of an effective compensation practice/policy.
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