As head of the human resources department for a new company,you have been asked to formulate a compensation strategy.What do you need to determine first?
A) the role that compensation will play in the reward system
B) the correct mix of performance and base pay
C) the total amount of compensation to be provided
D) the role the reward system will play in the compensation strategy

Question

Quizplus · Accepted Answer

Before developing a compensation strategy, it is important to determine the role that compensation will play in the overall reward system. This involves considering factors such as the organization's goals, values, and culture, as well as the needs and expectations of employees. By understanding the role of compensation in the broader context of the reward system, HR can ensure that the compensation strategy aligns with the organization's overall objectives and is effective in attracting, retaining, and motivating employees.

As Head of the Human Resources Department for a New