Describe in your own words what a compensation philosophy


1. Describe in your own words what a "compensation philosophy" is.

2. What would be a reasonable compensation philosophy for your current organization that you work for considering today's economy and labor market and WHY do you feel this is reasonable? Please list the industry your organization is in (manufacturing, retail, pharmaceutical, healthcare, education, etc).

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Operation Management: Describe in your own words what a compensation philosophy
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