Which of the Following Is a Business Indicator for the Success

question 136

Multiple Choice

Which of the following is a business indicator for the success of the compensation system designed by the HR department of an organization?

• A) competitiveness in the local labor market
• B) the ratio of average salary offers to average salary in community
• C) the relationship between pay and performance
• D) employee satisfaction with pay
• E) the fairness of existing job evaluation system in assigning grades and salaries

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Definitions:

Financial Section

Part of a company's annual report or filings that contains financial statements, notes, and commentaries pertinent to the financial performance and position of the company.

CAFR

Comprehensive Annual Financial Report, detailed financial report used by governments to provide a full overview of financial status.

Incremental Borrowing Rate

The interest rate a lessee would have to pay to borrow on a collateralized basis over a similar term to lease a similar asset.

Implicit Interest Rate

The interest rate inferred from the lease payments in a leasing agreement, indicating the cost of borrowing over the lease term.