Describe three to four key best practices in strategic compensation. Focus on theories or concepts for approaching a total rewards strategy, the significance and effect of job classifications in creating a total rewards strategy, and approaches to affecting individual or organizational performance.

Discussion Post: best practices in strategic compensation.

In this discussion, describe three to four key best practices in strategic compensation. Focus on theories or concepts for approaching a total rewards strategy, the significance and effect of job classifications in creating a total rewards strategy, and approaches to affecting individual or organizational performance.

Your initial post should be succinct, of at least 150 words, and demonstrate critical analysis and precision in writing.