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Compensation: What Is Fair and Equitable? Essay Preview: Compensation: What Is Fair and Equitable? Report this essay Fair and Equitable CompensationByBecky KennedyForInstructor: John CookCompensation and Benefits Systems 365August 28, 2015Compensation: What is Fair and Equitable? The first thing that comes to mind when compensation is brought up is “dollars per hour”; however, that is not the.