The Organisation's Compensation Structure Should Be

question 50

Multiple Choice

The organisation's compensation structure should be

• A) equitable.
• B) open to the public.
• C) established outside of legal constraints
• D) below the external labour market.
• E) based on interview data.

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Definitions:

Recognition

The act of identifying someone or something from previous encounters or knowledge, often accompanied by appreciation or acknowledgment.

Praise

Expression of approval, admiration, or gratitude, often used as a form of encouragement or motivation.

Cost-Of-Living Raise

A salary increase designed to match the rate of inflation, ensuring the purchasing power of an employee's income remains constant.

Economy

Refers to the system of production, distribution, and consumption of goods and services within a particular geographic region.