Your assignment is to write a short paper (500 to 750 words) defining compensation, compensation philosophy, and critical components of a compensation strategy. Provide one solid example of an effective compensation practice/policy. Your paper will be graded as follows:
- Definition of Compensation
- Overview of Compensation Philosophy
- Critical Components of a Compensation Strategy
- Example of a Effective Compensation Practice/Policy
Your paper must be prepared utilizing the APA format and should include external, academic quality references. See Syllabus/”Due Dates for Assignments & Exams” for due date information.