Discuss in a 300 words:
Review the following chapters in your text, Strategic Compensation:
Chapter 1: Strategic Compensation: A Component of Human Resource Systems
Chapter 2: Contextual Influences on Compensation Practice
Read the following journal articles for further insight into this week's topics:
Weinberger, T.E. (1995, April). Determining the relative importance of compensable factors. Compensation & Benefits Management, 11(2), 17. Retrieved from the Proquest database.
Richards, D.A. (2006, May). High-involvement firms: Compensation strategies and underlying values. Compensation and Benefits Review, 38(3), 36-49,4-5. Retrieved from the Proquest database.
You will find a list of websites that you may find useful under Course Materials in your online classroom.
Compensation Practices
Discuss the various factors that influence a company's competitive strategies and compensation practices. Assess how a company can mitigate these factors using effective compensation practices.