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Lesson 1: Strategic Compensation as a Component of HR Systems

Compensation in an Organizational Structure

Compensation professionals do not operate in isolation. This point was made earlier when we discussed that some compensation professionals rise to the ranks of business partner. Most compensation professionals will be on the ground developing policies and practices and evaluating effectiveness. The Compensation in Action feature found toward the end of each chapter describes how compensation professionals work with HR professionals, line managers, and sometimes employees. For instance, compensation professionals work with recruitment specialists to determine competitive pay rates to successfully recruit and retain talented employees.

 


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