Mimi is redesigning the compensation mix at her organization to include more family-friendly benefits such as child and elder care.Mimi is considering ______.
A) ability to pay
B) types of compensation
C) wage compression
D) skill- or competency-based pay

Question

Quizplus · Accepted Answer

Redesigning the compensation mix to include family-friendly benefits such as child and elder care is related to types of compensation. Ability to pay refers to the organization's financial capacity to pay its employees, wage compression refers to the narrowing of the pay gap between different levels of employees, and skill- or competency-based pay refers to basing pay on the level of skills or knowledge an employee possesses.

Mimi Is Redesigning the Compensation Mix at Her Organization to Include