1-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 is
there concern about executive pay today? .
2-Compensation programs are managed to assure that the total
compensation is aligned with organizational goals and strategies. There are the
right 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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