In 2008, Pratt estimated that executives received more than 360 times the pay of the average worker (as cited in Milkovich, Newman, & Gerhart, 2011). What are the components of executive compensation? Why are there so many societal concerns about executive pay today?;Q2;Compensation programs are managed to ensure that the total compensation is aligned with organizational goals and strategies. There are a number of employees with the correct skill sets, and they are paid at the appropriate level and within a budget that is affordable to the organization. How can labor costs be managed? What tools are available to HR?
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