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HRM3705 SU 2
- Institution
- University Of South Africa (Unisa)
STUDY UNIT 2
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COMPENSATION MANAGEMENTHRM3705
Study unit 2
The essence of strategic compensation
This unit to be studied from the study guide!
Prepared by Magda Bezuidenhout,
, Learning outcomes of study unit 2
Once you have completed study unit 2, you should be able to:
• define strategic compensation and its rationale
• discuss and contrast the different strategic choices with regard to
the aims of strategic compensation
• critically discuss the purpose and content of strategic compensation
• identify the characteristics of strategic compensation
• discuss the relationship between strategic compensation and
compensation management
• critique a company's compensation strategy
• develop a compensation strategy
Prepared by Magda Bezuidenhout,
, What is strategic compensation?
Strategic compensation is an approach to the
development and implementation of compensation
strategies and the guiding principles that underpin
it.
((Armstrong,
g, 2010:63)
Prepared by Magda Bezuidenhout,
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