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.
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.
You will find a list of websites that you may find useful in the Course Materials section.
Discuss the general goals of an organization’s compensation system, including how a compensation strategy works to support the organization’s business strategy.
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.