Question: 1. Explain the five main steps in the compensation strategy formulation process (Figure 6.1 on page 189). Which do you think is the most difficult

1. Explain the five main steps in the compensation strategy formulation process (Figure 6.1 on page 189). Which do you think is the most difficult step?

2. Explain specific considerations in deciding whether to adopt a lead, lag, or match compensation level policy.

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