HRM 430 WEEK 4 Your assignment is to write a short paper 500 to 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.
Your paper must be prepared utilizing the APA format and should include external, academic-quality references