BUS 681 Week 1 DQ 1 Discuss the general goals of an organization’s compensation system, including how a compensation strategy works to support the organization’s business strategy. 

Required Resources

Text

Read 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

Martocchio, J.J. (2017).  Strategic compensation: A human resource management approach  (9th ed.). Retrieved from https://content.ashford.edu

· This text is a ConstellationTM course digital materials (CDM) title.

 

Recommended Resources

Articles

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.

Weinberger, T.E. (1995, April). Determining the relative importance of compensable factors. Compensation & Benefits Management, 11(2), 17.  Retrieved from the Proquest database.

Websites

You will find a list of websites that you may find useful in the Course Materials section.

Discussion 1

Compensation Strategy

Discuss the general goals of an organization’s compensation system, including how a compensation strategy works to support the organization’s business strategy.

Discussion 2

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.

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