Asked by Jordan Pollock on May 23, 2024
Verified
Base compensation can assist the organization by accomplishing all of the following except
A) making the organization a more desirable place of employment.
B) attracting the right people for the right jobs.
C) making outside employment opportunities less attractive.
D) retaining qualified employees.
E) eliminating the need for fringe benefits programs.
Base Compensation
The initial salary or wage provided to an employee not including benefits, bonuses, or any form of variable compensation.
Fringe Benefits Programs
Employer-provided supplementary benefits that accompany direct wages or salaries, such as health insurance, retirement plans, and paid vacations.
Organization
A structured group of people working together to achieve a collective goal or purpose.
- Recognize various strategies and components of base compensation and how they support organizational goals.
Verified Answer
CO
Christopher O'ConnorMay 29, 2024
Final Answer :
E
Explanation :
Base compensation, while crucial for attracting, retaining employees, and making a company desirable, does not eliminate the need for fringe benefits programs. Fringe benefits, such as health insurance, retirement plans, and paid time off, are important for a comprehensive compensation package and employee satisfaction.
Learning Objectives
- Recognize various strategies and components of base compensation and how they support organizational goals.