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As a compensation manager, you have been asked to provide information to the management team about pay and compensation strategies. Based on what you know

As a compensation manager, you have been asked to provide information to the management team about pay and compensation strategies. Based on what you know about types of pay systems and compensation strategies, answer the following questions.

  1. Name and describe three considerations (models) in developing a payment system. Which do you think is best?
  2. Which pay theory do you think is the most important when developing your pay system? Why?

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