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Total compensation system | Human Resource Management homework help

Please answer the following by numbers with supporting references

1. Discuss the components and the importance of a total compensation system. Give an example.

2. What other benefits might not cost the company a lot, but really make you glad you work there?

3. Discuss pay for performance systems and some potential challenges and problems that may arise from these systems. What are some ways of addressing these?

4. Design a comprehensive compensation and benefits plan linked to key organizational objectives.

5. Structure a reward and recognition plan.

6. Evaluate emerging trends and issues in total compensation.

Solution:

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