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HRM3705 SU2

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2021/2022 Written for academic year
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HRM3705 - Compensation Management (HRM3705)
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HRM3705 STUDY UNIT 2

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COMPENSATION MANAGEMENT
HRM3705


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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