Companies Should Not Rely on Employee Preferences When Selecting the Compensation

question 53

True/False

Companies should not rely on employee preferences when selecting the compensation mix and designing its pay systems.

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Definitions:

Operational Systems

Systems used to support daily business activities and transactions, facilitating the efficient functioning of an organization.

Organizational Communication

The process and strategies through which information is shared and understood within an organization, impacting its culture and effectiveness.

Formal Networks

Structured groups of individuals or organizations that work together or share information within defined roles and protocols.

Informal Networks

The unofficial and interpersonal connections and pathways through which information flows within an organization, outside of formal communication channels.