Please provide assistance with this assignment.
Write 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:
- Definition of compensation;
- Overview of compensation philosophy;
- Critical components of a compensation strategy; and
- Example of an effective compensation practice/policy.
This paper must be in APA format and no more than 15% of it can come from other sources.