Question: please answer these questions as soon as possible 1. Briefly discuss the four key understandings necessary for successful formulation of compensation strategy. 2. Briefly summarize

please answer these questions as soon as possible
1. Briefly discuss the four key understandings necessary for successful formulation of compensation strategy. 2. Briefly summarize the legislative framework that compensation must comply with. 3. Briefly describe the five main steps in the formulation of compensation strategy. 4. What are a firm's choices for compensation-level strategy and how can it decide between them? 5. What are the four special employee groups discussed in the text, and what are some the implications for compensation? 6. You have been asked to provide recommendations to a compensation committee in their attempts to shift the CEO's compensation into a mix of rewards that facilitates and encourages a long-term view of business performance. What foci should your recommendations takeStep by Step Solution
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