In Which Type of Document Do Compensation Professionals Represent the Selection

question 26

Multiple Choice

In which type of document do compensation professionals represent the selection and implementation of pay level and pay mix policies over a specified time period,usually one year?

• A)compensation plan
• B)job structure reports
• C)strategic compensation plan
• D)pay structure reports

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Definitions:

Job-Person Fit

The degree to which an individual's skills, knowledge, abilities, and other attributes match the job demands and organizational culture.

Performance Records

Documentation and analysis of an employee's work performance over a period.

Internal Supply

The resources, including workforce and materials, available within a company for production or service delivery.

Employee Retention

Strategies and practices aimed at keeping employees engaged and motivated to stay with an organization for a long period, reducing turnover rates.