Define compensation


1. Define compensation. Discuss which meaning of compensation seems most appropriate from an employee's view: return, reward, or entitlement and discuss the policy issues in the pay model.

2. Discuss the factors that influence the accounting of HR cost outlays and the payroll systems work.

3. Discuss why job analysis has been considered the cornerstone of human resources management.

4. Discuss and explain the connections between business planning process, human resource planning, and compensation planning and talent management for organizational success.

5. Define and discuss share based compensation and the benefit and cost factors.

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HR Management: Define compensation
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