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Strategic Compensation

Answer the following questions in your own words. Be specific and concise as much as you can, but take care to include all points related to the answer.

Q.1. Discuss what Strategic compensation means to you?

Q.2. Describe why a company's long term prospects are an important consideration to compensation professionals while devising compensation strategy?

Q.3. National culture is a more important influence on compensation system than Organizational culture. Discuss whether you agree or disagree?

Q.4. Identify three services with which you are familiar and possibly from your country and region. Discuss whether they are in growth, maturity and decline stage. Defend your argument with evidence.

Solution Preview

Answer the following questions in your own words. Be specific and concise as much as you can, but take care to include all points related to the answer.

Q.1. Discuss what Strategic compensation means to you?
Strategic compensation means achieving strategic objectives through changes in compensation. This means the compensation is designed in such a way that the strategic objectives of the firm are achieved. The HR implements this process and then assesses the results of such an intervention. For instance, the HR while head hunting may offer a very attractive compensation to an applicant. Then HR pays him the higher compensation, and studies the effect of the compensation on the strategic objectives. In short, paying higher compensation selectively to gain competitive advantage.
Q.2. Describe why a company's long term prospects ...

Solution Summary

Strategic Compensation is discussed very comprehensively in this explanation..

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