You are a newly hired director of human resources for a new software company.Your CEO has asked you to provide the board of directors with recommendations relating to the company's yet-to-be-established reward system.What should you tell the board?
A) The various combinations of intrinsic and extrinsic rewards need to be considered.
B) The optimal strategy is the least expensive.
C) Like most companies in Canada,we should adopt a total compensation approach.
D) The plan for creating the compensation system is the most important aspect of the strategy.

Question

Quizplus · Accepted Answer

A comprehensive reward system should consider both intrinsic and extrinsic rewards. Intrinsic rewards, such as recognition and opportunities for personal and professional growth, can be powerful motivators for employees. Extrinsic rewards, such as salary, benefits, and bonuses, are also important for attracting and retaining talented employees. By considering a combination of these rewards, the company can create a more effective and well-rounded system.

You Are a Newly Hired Director of Human Resources for a New