During an economic recession companies are under pressure to reduce costs, and a significant part of total

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During an economic recession companies are under pressure to reduce costs, and a significant part of total cost for most companies is salaries and wages, including both executive compensation and employee compensation.

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Review the types of compensation we have covered in this chapter and explain which types of compensation you would reduce if needed to help a company through difficult economic times.

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Cost management a strategic approach

ISBN: 978-0073526942

5th edition

Authors: Edward J. Blocher, David E. Stout, Gary Cokins

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