One of the First Steps in Developing a Compensation Plan

question 68

Multiple Choice

One of the first steps in developing a compensation plan is:

• A) to carry out a pay review and present it to the newly hired employees.
• B) to track employee performance.
• C) to determine whether hiring is to be done for an hourly or salaried position.
• D) to pay an above-market salary to create loyalty.

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Definitions:

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