Which of the following is instrumental in striking a balance between the conflicting objectives of compensation management?
A) surveying employees about which incentives they value
B) explaining the level of performance necessary to achieve benefits
C) consulting the organization's compensation philosophy
D) recognizing special employee contributions as they occur
E) allowing employees to choose their rewards

Question

Quizplus · Accepted Answer

Consulting the organization's compensation philosophy is instrumental in striking a balance between the conflicting objectives of compensation management. The compensation philosophy outlines the organization's approach to compensation and ensures that decisions regarding compensation are aligned with the organization's goals and objectives. It helps to ensure that compensation decisions are consistent and transparent, and that they support the organization's overall strategic direction. Surveying employees, explaining performance levels, recognizing contributions, and allowing employees to choose rewards can all be useful strategies, but they are not as fundamental as consulting the compensation philosophy.

Which of the Following Is Instrumental in Striking a Balance