You Have Been Given the Responsibility to Develop an Effective

question 25

Multiple Choice

You have been given the responsibility to develop an effective compensation system for your company.Which of the following should serve as your first focus?

• A) understanding your organization and your people
• B) formulating and determining budgets
• C) designing your performance pay and indirect pay plans
• D) implementing,managing,evaluating,and adapting the system

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Definitions:

Manager

A role within organizations responsible for planning, leading, organizing, and controlling resources to achieve specific goals.

Authority

The recognized power or right of an individual or institution to make decisions, command respect, and enforce obedience.

Tasks

Specific activities or assignments that are undertaken to achieve a particular objective.

Yellow Roses

symbolize friendship, joy, and caring, often used to convey warm messages between friends or in professional settings.