Homelife,a national chain of high-end furniture stores,employs nearly 800 workers.In the past few years,the company's market share has dropped significantly,and employee turnover has increased.Upper management is considering the implementation of a new compensation policy in its efforts to turn the company around.Historically,the company has paid all employees similarly with some variation for seniority but no distinction between high and low performers. All of the following questions are relevant to Homelife's decision to develop an aligned reward strategy EXCEPT ________.

Question

Quizplus · Accepted Answer

The compensation plan should advance the firm's strategic aims-management should produce an aligned reward strategy. This means creating a bundle of rewards-a total reward package including wages, incentives, and benefits-that aims to produce the employee behaviors the firm needs to support and achieve its competitive strategy. Questions about employee behaviors, company strategy, and compensation programs are relevant, but customer review ratings are not.

Homelife,a National Chain of High-End Furniture Stores,employs Nearly 800 Workers