The strategic management of global compensation should be coordinated and integrated with other company HR functions and practices to effectively carry out strategic objectives.

Question

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The integration of global compensation strategy with other HR functions and practices is necessary for the effective implementation of strategic objectives. Companies should take a holistic approach to HR management, where all aspects of HR, including compensation, performance management, talent acquisition and retention, and employee development, are aligned with strategic goals. This approach ensures that the company's HR initiatives are focused on achieving the long-term objectives of the organization.

The Strategic Management of Global Compensation Should Be Coordinated and Integrated