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Factors influencing compensation management
 
The factors influencing compensation management are broken into two categories: Internal and External

 

Internal

Corporate philosophy
Corporate mission
Business strategy
Human resources philosophy and strategy
Total rewards philosophy and strategy
Corporate culture
Shareholder expectations
Corporate structure
Costs/resource availability
 

External

Community culture
Competition
Economics
Industry characteristics
Labor market
Legal/regulatory
Technology
Globalization

 

 

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This information is not intended for use without professional advice.

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