The Fundamental Purpose of a Compensation System Is to Help

question 8

True/False

The fundamental purpose of a compensation system is to help create a willingness among qualified persons to join the organization and to perform the tasks needed by the organization.

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Definitions:

Technique

A particular method or way of doing something, often implying skillfulness and efficiency in performance or execution.

Enterprise Resource Planning

A type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, and supply chain operations.

Ongoing Process

Describes a continuous operation or activity that is part of the regular functioning of a system or organization.

Best Processes

The most efficient and effective methods for accomplishing tasks and achieving objectives within an organization.