As a Compensation Consultant What Is the Best Advice You

question 29

Multiple Choice

As a compensation consultant what is the best advice you can give to a small business owner wanting to develop the optimal reward strategy?

• A) The various combinations of intrinsic and extrinsic rewards need to be considered.
• B) The optimal strategy is the cheapest one.
• C) Most companies adopt a total rewards approach to compensation.
• D) The plan for creating the compensation system is the most important aspect of the strategy.

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Definitions:

Home Ownership

The state or condition of owning a residential dwelling or property.

Emotional Support

Assistance provided through empathy, concern, and encouragement that helps individuals manage their emotions and cope with stress.

Trauma

Refers to a deeply distressing or disturbing experience that can have lasting adverse effects on an individual's mental, physical, social, emotional, or spiritual well-being.

Similarly Aged Men

Refers to a group of males who are of approximately the same age.