Which statement best describes the term "reward strategy"?
A) the means through which performance bonuses are paid
B) the mix of rewards provided to organization members
C) the means for recognizing outstanding achievement
D) the means for identifying the key contextual variables for an organization

Question

Quizplus · Accepted Answer

Reward strategy refers to the mix of rewards provided to organizational members. This can include various forms of compensation, benefits, recognition, and other incentives. It is a comprehensive approach to motivating and retaining employees, as well as achieving organizational goals. While performance bonuses and recognition may be a part of a reward strategy, they do not encompass the full scope of it. Contextual variables are typically considered in the design and implementation of a reward strategy, but they are not the primary focus.

Which Statement Best Describes the Term "Reward Strategy