In small organizations,who is typically responsible for compensation strategy?
A) Vice-President of Human Resources
B) owner or chief executive officer
C) Board of Directors
D) government

Question

Quizplus · Accepted Answer

In small organizations, the owner or chief executive officer typically plays the primary role in developing and implementing the compensation strategy as they have the most control and knowledge of the organization's financial resources and goals. The Vice-President of Human Resources and/or Board of Directors may provide input and guidance, but ultimately the responsibility falls on the owner or CEO. The government may set minimum wage standards, but does not typically dictate the overall compensation strategy for a small organization.

In Small Organizations,who Is Typically Responsible for Compensation Strategy