After Determining an Organization's Compensation Philosophy,the Next Step in Developing

question 88

Multiple Choice

After determining an organization's compensation philosophy,the next step in developing a compensation plan is

• A)to develop a job description.
• B)to find comparison factors for salary.
• C)to establish a total reward system.
• D)to structure the compensation plan.

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Definitions:

Tax Credits

Amounts that can be subtracted directly from taxes owed to the government, reducing the total tax liability.

Additional Revenues

Income received by a business or organization that is supplementary to its primary revenue sources, often from non-core business activities.

Retirement Savings Contributions Credit

A tax credit available to lower-income individuals making contributions to retirement accounts, encouraging savings.

Income Level

A measure of an individual or household's gross income before taxes and deductions.