________ refers to the design and implementation of compensation systems to reinforce the objectives of both HR strategies and competitive business strategies.
A)Extrinsic compensation
B)Strategic compensation
C)Strategic analysis
D)Intrinsic compensation

Question

Quizplus · Accepted Answer

Strategic compensation refers to the intentional design of compensation systems to align with the goals of HR strategies and business strategies. This involves analyzing the organization's needs, determining the appropriate compensation components (such as base pay, bonuses, and benefits), and ensuring that they support the desired outcomes. Extrinsic and intrinsic compensation are types of rewards within the compensation system, but they do not necessarily reflect the strategic alignment of the system. Strategic analysis, while important, is not specifically related to compensation design.

________ Refers to the Design and Implementation of Compensation Systems