Complete the assignment:
Create a short paper (500–750 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 on the following:
a. definition of compensation;
b. overview of compensation philosophy;
c. critical components of a compensation strategy; and
d. example of an effective compensation practice/policy.
Your paper should be prepared utilizing the APA format and must include external, academic-quality references.