Homelife, a national chain of high-end furniture stores, employs nearly 800 workers. In the past few years, the company's market share has dropped significantly, and employee turnover has increased. Upper management is considering the implementation of a new compensation policy in its efforts to turn the company around. Historically, the company has paid all employees similarly with some variation for seniority but no distinction between high and low performers. Which of the following questions is LEAST relevant to Homelife's decision to develop an aligned reward strategy?

Question

Quizplus · Accepted Answer

D)An aligned reward strategy links a firm's compensation plan with its strategic aims. Homelife can create a total reward package including wages, incentives, and benefits that will generate the employee behaviors the firm needs to support and achieve its competitive strategy. Questions about employee behaviors and compensation are relevant, but a question about salary surveys is not.

Homelife, a National Chain of High-End Furniture Stores, Employs Nearly