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A Company Designs Its Compensation System Around the Philosophy That

question 69

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A company designs its compensation system around the philosophy that employees exchange their skills and contributions for pay.As a consequence,employees feel fairly compensated when the ratio of their inputs and outputs is equivalent to those of other employees whose job demands are similar to their own.This company's compensation system is based on a ________ compensation model.


Definitions:

Procedural Rules

Regulations that outline the process by which courts hear and determine what happens in civil lawsuit, criminal or administrative proceedings.

APA

Administrative Procedure Act, a federal statute that governs how administrative agencies of the United States may propose and establish regulations.

Legislative Rules

Regulations established by a legislative body to guide the implementation and enforcement of laws.

Informal Rulemaking

Refers to the process by which administrative agencies create regulations under less formal procedures than formal rulemaking, typically involving notice and an opportunity for public comment but not a formal hearing.

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