Write a paper with YOUR understanding of Compensation Management. If you owned a business, what compensation management means? how would you create your company compensation structure?
Write about the following subjects:
1. Strategic Compensation A Component of Human Resource Systems.
2. Contextual Influences on Compensation Practice.
3. Traditional Bases for Pay Seniority and Merit.
4. Incentive Pay.
5. Legally Required Benefits.
6. Building Market-Competitive Compensation Systems.
7. Pay and Benefits outside the United States.