Compensation is one of the organization's largest expenditures. Compensation philosophies and systems vary from one organization to the next. Which of the following statements explains why?
A) Different organizations have different organizational objectives and strategies.
B) Organizations depend heavily on consultants to design their compensation systems, and each consulting firm has its own system. These systems are relatively interchangeable.
C) There is no "one right way" to compensate employees. Many systems will work equally well in any organization.
D) Legal requirements mandate different types of compensation systems depending on the organization's industry and whether it is in the public or private sector.
Correct Answer:
Verified
Q15: Which of the following would be an
Q16: At Ludlow Engineering, traditionally the employees receive
Q17: Which of the following does NOT represent
Q18: In which type of organization are bonuses
Q19: Which of the following functions is the
Q21: Organizations may have specifically stated policies about
Q22: Which of the following terms encompasses the
Q23: An organization can benefit from a properly
Q24: Which of the following is an example
Q25: Which of the following represents the most
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents