__________ includes anything that an employee may value and desire and that the employer is willing and able to offer in exchange.
A)Compensation system
B)Equity theory
C)Wage compression
D)Broadbanding
E)Pay structure

Question

Quizplus · Accepted Answer

Compensation system refers to the overall package of rewards and benefits that an employer offers to its employees in exchange for their work. This includes not only salary or wages, but also things like bonuses, health insurance, retirement plans, and other non-financial incentives. By designing an attractive compensation system, employers can help to attract and retain talented employees, and to keep them motivated and engaged in their work. Equity theory, wage compression, and broadbanding are all related concepts that may be used to help design a fair and effective compensation system, but they are not the same as compensation system itself. Pay structure, on the other hand, is a related concept that refers specifically to the way in which compensation is organized and distributed within an organization.

__________ Includes Anything That an Employee May Value and Desire