Which of the following steps is not considered part of formulating the compensation strategy?
A) Determining actual dollar values for jobs and individual employees
B) Determining the total level of compensation to provide
C) Determining how each of the mix choices should be structured
D) Determining the mix of compensation components

Question

Quizplus · Accepted Answer

While determining actual dollar values for jobs and individual employees is part of the compensation process, it is not specifically considered part of formulating the compensation strategy. Rather, it is part of implementing the compensation strategy once it has been formulated. The other three choices are all steps in formulating the compensation strategy.

Which of the Following Steps Is Not Considered Part of Formulating