Managing employee compensation in any country involves understanding the social contract of that country.

Question

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Managing employee compensation is closely associated with the social contract of a country, which outlines the expectations, norms, and values that citizens have towards their government, organizations, and society as a whole. Employee compensation policies and practices should align with the social contract to ensure fair and equitable treatment of employees and to promote social cohesion and economic stability. Hence, understanding the social contract of a country is crucial for managing employee compensation effectively.

Managing Employee Compensation in Any Country Involves Understanding the Social