Which of the following statements most accurately describes the optimal reward system?
A) It adds the most value to the organization after considering all its costs.
B) It maximizes opportunities for learning and development.
C) It identifies best practices.
D) It provides whatever will satisfy the employee's needs.

Question

Quizplus · Accepted Answer

The optimal reward system should add the most value to the organization after considering all its costs. This means that the rewards should be designed in a way that benefits both employees and the organization, and the costs associated with the rewards should not exceed the benefits they provide. Maximizing opportunities for learning and development or providing whatever will satisfy the employee's needs may not necessarily be the most cost-effective or beneficial option for the organization. Identifying best practices can be a component of an optimal reward system, but it alone does not provide information on how to design a reward system.

Which of the Following Statements Most Accurately Describes the Optimal