According to the pay model, the strategic compensation decisions regarding external competitiveness involve:
A)how pay increases should be based.
B)how open and transparent the pay decisions should be to all employees.
C)how the different types and levels of skills and work should be paid within the organization.
D)how compensation should support the business strategy and be adaptive to the cultural and regulatory pressures in a global environment.
E)how total compensation should be positioned against competitors.

Question

Quizplus · Accepted Answer

External competitiveness in the pay model refers to how an organization's total compensation is positioned relative to its competitors, ensuring that the pay is attractive enough to retain and attract talent.

According to the Pay Model, the Strategic Compensation Decisions Regarding