Devry HRM598 week 6 discussions

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?