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Compensation Fifth Canadian Edition is based upon the strategic choices in managing compensation – pay matters! The Great Recession (late 2000 and early 2010s) had huge ramifications for pay. There were many lessons learned about cutting hours and pay, versus layoffs, or how/why employees are compensated. Pay matters globally as well. Milkovich strives to cull beliefs from facts, wishful thinking from demonstrable results, and opinions from research. Managing compensation is an art and Milkovich is based on strategic choices in managing compensation. These choices, which confront managers, are introduced in the total compensation model in Chapter 1. The model serves as an integrating framework throughout the text. Major compensation issues are covered in the context of current theory, research, and practices. Canadian laws, facts, policies and procedures, and examples are well incorporated throughout. STUDENTS! Want to save time, study smarter and get better grades? McGraw-Hill’s Connect® is a learning platform that will help you reach these goals. Available inside Connect, SmartBook is a digital version of the course textbook. It contains the same content within the textbook, but unlike a typical eBook, SmartBook actively tailors that content to your individual learning needs. The result is more confidence, better grades and greater success. Find out why 81% of Canadian students agree that courses are more engaging and interesting with Connect. Connect with SmartBook recently won three CODiE awards for education technology, testifying to the fact that Connect is the best digital learning resource for students. Compared to a print textbook, studies have shown that Canadian students prefer Connect with SmartBook: -75% of students said they retained more knowledge for longer periods of time -75% of students said they achieved better results -80% of students said they were better prepared for class Upgrade your study session tod