Task 3: Pay & Compensation; Strategic & Practical Approaches

Task 3: Pay & Compensation; Strategic & Practical Approaches
INSTRUCTIONS:

1) Review the following materials:

https://smallbusiness.chron.com/strategic-plan-employee-compensation-benefits-15613.html
https://www.forbes.com/sites/robinferracone/2018/12/21/dare-to-be-different-strategic-compensation-plans/?sh=3eb03d6601a8

2) Please respond to the following:

a) What is strategic compensation?

b) What are the three options for designing compensation strategically?

c) Which option do you believe is most effective? Why?

IMPORTANT – REQUIREMENTS:

Minimum 500 words (excluding title page and reference list)
Use of course materials and/or outside sources to support the conclusions set in the paper
12-point Times New Roman Font and double-spaced
APA in-text citations and reference list required.
This assignment is due on Sunday at 11:59 pm EST.

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