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    Redesign the Compensation Strategy: Who should be involved and why?

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    I have to redesign the compensation strategy for my organization in which I have to determine the numerous stakeholders who need to be included in the compensation strategy and/or decision. I must write a response for each of the following:

    Who should be involved in compensation strategies and decisions?

    Why is their participation necessary?

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    Solution Preview

    1. Who should be involved in compensation strategies and decisions?

    The compensation level decision may be considered the most important one for individuals. Managers, employees and their representatives, labor unions, consumers and general public have major interests in compensation level decisions and they should be involved in these ...

    Solution Summary

    The 199 word solution presents some excellent discussion in response to the questions.