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External Factors Impacting Compensation Strategy

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Choose three external compensation forces and explain their influence on the design and execution of an organization's compensation strategy. Your answer should be at least 200 words, and include APA formatted references.

Your response should be at least 200 words in length. You must use at least your textbook to complete this assignment. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. All references and citations used must be in APA style.

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Solution Summary

This solution explores how technology, the economy, and laws and regulations can impact an organization's external compensation strategy.

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Dear Student,

There are many external factors affecting an organization's compensation strategy. For the sake of this assignment, here are three to consider:

Laws and Regulations: In many countries, there are laws that dictate compensation. These laws are related to such factors such as minimum wage, overtime, and employment at will. Employment at will is at a state's ...

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