Your assignment is to write a short paper (500–750 words) defining compensation, compensation philosophy, and critical

Your assignment is to write a short paper (500–750 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

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