MATCHING KEY TERMS AND DEFINITIONS
-The process of managing a company's compensation program.
A)Team-based compensation
B)Extrinsic rewards
C)Compensation administration
D)Ordering method
E)Fair Labor Standards Act
F)Performance-based rewards
G)Wage structure
H)Differential
I)Organization-wide incentive
J)Classification method
K)Equal Pay Act
L)Merit pay
M)Golden parachute
N)Compensation surveys
O)Exempt

Question

Quizplus · Accepted Answer

Compensation administration is the process of managing and designing the compensation programs in a company, ensuring that salaries and wages are structured and distributed effectively to employees.