Podcast
Questions and Answers
One common goal of compensation policies is to ______ new employees.
One common goal of compensation policies is to ______ new employees.
attract
When setting pay policy, one factor to consider is the ______ of pay within the organization.
When setting pay policy, one factor to consider is the ______ of pay within the organization.
rate
A sample decision to make in formulating compensation policies is the ______ at which pay raises are to be granted.
A sample decision to make in formulating compensation policies is the ______ at which pay raises are to be granted.
intervals
A strategic goal of employee ______ can be achieved by developing compensation strategies that enhance retention.
A strategic goal of employee ______ can be achieved by developing compensation strategies that enhance retention.
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One common goal of compensation policies is to maintain ______ equity among employees.
One common goal of compensation policies is to maintain ______ equity among employees.
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A organization's compensation policy should be aligned with the company's ______ plan.
A organization's compensation policy should be aligned with the company's ______ plan.
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A compensation program should be ______ to attract qualified employees to join the organization.
A compensation program should be ______ to attract qualified employees to join the organization.
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One of the strategic objectives of a compensation program is to provide ______ to employees.
One of the strategic objectives of a compensation program is to provide ______ to employees.
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When developing a compensation plan, one must consider whether the compensation plan is perceived as fair ______ within the company.
When developing a compensation plan, one must consider whether the compensation plan is perceived as fair ______ within the company.
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A decision to make when formulating a compensation policy is whether compensation will be paid mainly on a ______ basis or will it fluctuate depending on performance and company profits.
A decision to make when formulating a compensation policy is whether compensation will be paid mainly on a ______ basis or will it fluctuate depending on performance and company profits.
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The role of compensation policy in employee retention is to make income ______, predictable and insulated from changes in employment, profitability, individual performance and personal health.
The role of compensation policy in employee retention is to make income ______, predictable and insulated from changes in employment, profitability, individual performance and personal health.
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It is important to align the compensation policy with the company's ______ plan to ensure the policy supports the company's goals and objectives.
It is important to align the compensation policy with the company's ______ plan to ensure the policy supports the company's goals and objectives.
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The company will decide whether the compensation plan will place most employees under the same compensation system, known as ______, or establish different plans by organizational level and/or employee group.
The company will decide whether the compensation plan will place most employees under the same compensation system, known as ______, or establish different plans by organizational level and/or employee group.
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A key decision in formulating compensation policies is whether to compensate employees at ______ market levels.
A key decision in formulating compensation policies is whether to compensate employees at ______ market levels.
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The compensation plan may emphasize motivating employees through ______ rewards such as pay and stock options.
The compensation plan may emphasize motivating employees through ______ rewards such as pay and stock options.
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The company must decide whether to have ______ pay, where employees have access to information about other worker’s compensation levels and how compensation decisions are made.
The company must decide whether to have ______ pay, where employees have access to information about other worker’s compensation levels and how compensation decisions are made.
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Compensation decisions can be made in a tightly controlled central location or delegated to ______ of the firm’s unit.
Compensation decisions can be made in a tightly controlled central location or delegated to ______ of the firm’s unit.
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A primary design criterion for compensation programs is that they must be ______ equitable.
A primary design criterion for compensation programs is that they must be ______ equitable.
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