According to the Milkovich and Bloom model of global reward system design, the core set of compensation components involves the selection by employees themselves of elements of compensation that they perceive are of greatest value to their individual situations.

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The Milkovich and Bloom model of global reward system design does not primarily focus on the selection of compensation components by employees themselves. Instead, it emphasizes aligning the compensation strategy with the overall business strategy, ensuring competitiveness, equity, and compliance with legal requirements across different countries.

According to the Milkovich and Bloom Model of Global Reward