Cost Management 6th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins

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Compensation in Tough Economic Times During an economic recession companies are under pressure to reduce costs, and a significant part of total cost for most companies is salaries and wages, including both executive compensation and employee compensation.
Required Review the types of compensation we have covered in this chapter and explain which types of compensation you would reduce if needed to help a company through difficult economic times.