Question;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?Q2Compensation 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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