What does a firm's compensation strategy identify?
A) All of the financial and nonfinancial rewards of work.
B) The total amount of cash compensation employees will receive.
C) The mix of intrinsic rewards.
D) The mix and total amount of base, performance, and indirect pay.

Question

Quizplus · Accepted Answer

A firm's compensation strategy identifies the mix and total amount of base, performance, and indirect pay. It does not necessarily include nonfinancial rewards or the total amount of cash compensation. The mix of intrinsic rewards may also be considered but is not the main focus of a compensation strategy.

What Does a Firm's Compensation Strategy Identify