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HRM 430 Compensation and benefits Your assignment is to write a short paper (500–750 words)

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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· overview of compensation philosophy;

· critical components of a compensation strategy; and

· example of an effective compensation practice/policy.

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