The Major Rewards Decision That Has to Be Made About

question 12

Multiple Choice

The major rewards decision that has to be made about every employee is,

• A) How much should he or she be paid?
• B) What type of reward will best motivate him or her?
• C) Is the reward system fair for the level of individual performance?
• D) Is the reward system equitable among employees holding similar positions?

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Definitions:

Industrial Relations

The study and practice of managing and improving relationships between employers and employees, often focusing on collective bargaining and workplace negotiations.

Economic Relationship

The connection between various economic actors or entities, based on financial transactions, trade, or market interactions, affecting how resources are distributed and utilized.

Employment Relationship

The legal and practical connection between employers and employees, including rights, responsibilities, and expectations.

Economic Issues

Problems or challenges related to the economy, including inflation, unemployment, and fiscal policy.