Explain how strategic compensation is a major component


Discuss the following in detail

Explain how Strategic Compensation is a major component of human resource systems. In your discussion include the four aspects:

• strategic analysis

• traditional basis for pay and motivational concepts

• building internally consistent compensation systems.

• building market-competitive compensation systems.

Needs to be comprehensive and thorough. Must be at least 6 pages excluding the title or works cited page. Must have at least 3 sources and include examples of each aspect in various industries.

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HR Management: Explain how strategic compensation is a major component
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