Which of the following should be your first step when starting an organization's compensation formulation process?
A) Define the required behaviour.
B) Determine the compensation mix.
C) Evaluate the proposed strategy.
D) Determine the compensation level.

Question

Quizplus · Accepted Answer

The first step in starting an organization's compensation formulation process should be to define the required behavior. This involves determining the desired outcomes and linking them to specific behaviors and competencies that support those outcomes. Once this is done, the organization can then determine the appropriate compensation mix, level, and evaluation strategy based on the defined behaviors.

Which of the Following Should Be Your First Step When