The nature of the job is more important in formulating the compensation system than the local culture.

Question

Quizplus · Accepted Answer

The compensation system should be based on the job's nature, which determines the required skills and responsibilities, and not on the local culture. The job's market value, internal equity, and external competitiveness should guide the compensation structure to ensure fairness and attract talented employees. However, cultural factors such as social norms, values, and expectations may affect the way employees perceive compensation and benefits, and employers should take them into account.

The Nature of the Job Is More Important in Formulating