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Learning Objectives
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After reading this chapter, you should be able to:
LO 11-1List the main decision areas and concepts in employee compensation management.
LO 11-2Describe the major administrative tools used to manage employee compensation.
LO 11-3Explain the importance of competitive labor market and product market forces in compensation decisions.
LO 11-4Discuss the significance of process issues such as communication in compensation management.
LO 11-5Describe new developments in the design of pay structures.
LO 11-6Explain where the United States stands from an international perspective on pay issues.
LO 11-7Explain the reasons for the controversy over executive pay.
LO 11-8Describe the regulatory framework for employee compensation.





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