Question: Compensation is an important element of a high-performance workplace. It is critical to ensure that the compensation philosophy is aligned with the overall organizational strategy.

Compensation is an important element of a high-performance workplace. It is critical to ensure that the compensation philosophy is aligned with the overall organizational strategy. Discuss how a compensation strategy might be different if a company uses an innovation strategy compared to a cost leadership strategy. Include market position, pay mix, and benefit strategies in your discussion.?

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