Asked by Samantha Diebolt on Sep 23, 2024
Verified
An organization's strategic objectives often have important implications for the design and implementation of its compensation system.
Strategic Objectives
High-level goals aligned with an organization's mission and vision, focused on achieving long-term success.
Compensation System
A structured plan designed by organizations to pay its employees, including wages, benefits, bonuses, and raises.
- Acknowledge the role of organizational and market factors in shaping compensation strategy and design.
- Understand how organizational strategies and policies influence compensation.
Verified Answer
ER
Erika Reyes4 days ago
Final Answer :
True
Explanation :
Strategic objectives, such as expanding into new markets or increasing productivity, may require specific types of employee behaviors and performance. The compensation system can be designed and implemented to align with and incentivize those behaviors and performance, ultimately contributing to the achievement of the organization's strategic objectives.
Learning Objectives
- Acknowledge the role of organizational and market factors in shaping compensation strategy and design.
- Understand how organizational strategies and policies influence compensation.