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Strayer BUS 409 Compensation Management WEEK 4 ASSIGNMENT 1 COMPENSATION PRACTICE

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Strayer BUS 409 Compensation Management WEEK 4 ASSIGNMENT 1 COMPENSATION PRACTICE

Compensation Practice: Samsung Electronics

Company Background

Samsung Electronics Co. Ltd is a multinational electronics company with its headquarters based in Suwon, South Korea. The company is a subsidiary of the Samsung Group, which by revenues which stated to be one of the world’s largest technology company from 2009-2012. The company was founded in 1969 by Lee Kun Hee as a publicly trading company. The company has assembly plants in about 80 countries and employs approximately 300,000 people. Most of the consumers in the market are familiar with the company products, especially mobile phones and televisions (Samsung, 2016). Moreover, the company also produces other electronic products such as computers, fridges among others. Given the global presence of the enterprise, Samsung has an extremely diverse workforce of employees who have differing values, cultures, and religions. The diversification in the company could be attributed to the high level of innovation in the company and its success over the years.

Compensation Strategy

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