Which of the following statements best describes the context of compensation management within a firm?
A) All organizations need a Human Resources Department to deal with compensation issues.
B) The larger the firm the greater the need for compensation specialists.
C) In smaller organizations compensation consulting firms are responsible for compensation strategy.
D) Within a large firm all managers require extensive knowledge of compensation.

Question

Quizplus · Accepted Answer

Compensation management is more complex in larger organizations due to the sheer number of employees and the variety of compensation structures needed. Therefore, larger firms tend to have dedicated compensation specialists or departments to handle these issues. Smaller organizations may still have a Human Resources department or may outsource compensation consulting, but the need for specialists is not as great. While some managers within a large firm may require knowledge of compensation, it is not necessarily required for all managers.

Which of the Following Statements Best Describes the Context of Compensation