Compensation and Benefits Management / Compensation Management

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Assignment No. 1:

Compensation and Benefits Management / Compensation Management

People work in the organizations with an intention to earn. Some companies pay at the end of month, week, and day. The rewards they receive are called compensation, you being Student of this subject are required to discuss:
1. Compensation and its strategic perspective with example/s.
2. Advantages of paying more compensation to employees and the organization.