Which of the following steps is not considered part of the compensation strategy formulation process?
A) Determine required behaviour
B) Determine role of compensation
C) Evaluate the proposed strategy
D) Conduct performance appraisals

Question

Quizplus · Accepted Answer

Conducting performance appraisals is not considered a part of compensation strategy formulation process. The other three steps, which are determining required behaviour, determining the role of compensation, and evaluating the proposed strategy, are all essential steps in developing a compensation strategy. Performance appraisals are a part of the performance management process, which assesses an employee's job performance and provides feedback to improve it, but it is not a direct part of compensation strategy formulation.

Which of the Following Steps Is Not Considered Part of the Compensation