Which of the following provides general guidelines for making compensation decisions?
A) pay leaders
B) market rates
C) compensation policies
D) compensation packages

Question

Quizplus · Accepted Answer

C)A compensation policy provides general guidelines for making compensation decisions.Broadly,policy choices are made about pay level and pay mix.Pay level compensation policies determine whether the company will be a pay leader,be a pay follower,or strive for an average position in the labor market.Pay level policies have the greatest impact on attracting and retaining employees.Pay mix policies refer to the combination of direct and indirect financial compensation and employee benefits components (see Figure 9-1)that make up an employee's compensation package.

Which of the Following Provides General Guidelines for Making Compensation