You Are Attempting to Define the Role Compensation Will Play

question 11

Multiple Choice

You are attempting to define the role compensation will play in your reward strategy.What is the first thing that needs to be examined?

• A) The nature of intrinsic and other extrinsic rewards offered
• B) The compensation level strategy
• C) The indicators of goal achievement
• D) The compensation system behavioural objectives

---

Definitions:

Management By Objectives (MBO)

A performance management approach where managers and employees work together to set, record, and monitor goals for a specific period, aiming for organizational alignment and performance enhancement.

Peter Drucker

A prominent Austrian-born American management consultant, educator, and author, known for his influential writings on business management practices and principles.

Setting Priorities

The process of determining the order in which tasks, projects, or goals should be addressed based on their importance, urgency, and impact.

Management By Objectives (MBO)

A management strategy focusing on aligning the goals of employees with the objectives of the organization through participative goal setting and performance assessment.