Asked by Marina McPeak on Mar 10, 2024
Verified
Before implementing a compensation strategy,human resources professionals must ensure the appropriate screens are in place to evaluate the strategy's appropriateness.Which screen is NOT considered one of the so-called "must pass screens"?
A) Costs are within the financial means of the organization.
B) The new compensation strategy meets the minimum standards under employment standards legislation.
C) The new compensation strategy attracts potential employees with the required skill sets.
D) Current employees will be happy with the new compensation strategy.
Compensation Strategy
The method by which a company determines and allocates rewards and benefits to its employees, ensuring competitive pay and job satisfaction.
Employment Standards Legislation
Laws and regulations that define minimum employment conditions, rights, and protections for workers, such as hours of work, wages, and leave entitlements.
Financial Means
The monetary resources available to an individual, organization, or country.
- Comprehend the procedures and factors involved in developing an effective compensation strategy, encompassing legal, financial, and strategic dimensions.
Verified Answer
Learning Objectives
- Comprehend the procedures and factors involved in developing an effective compensation strategy, encompassing legal, financial, and strategic dimensions.
Related questions
To Keep Work Interesting and Provide Higher Compensation Opportunities for ...
What Should Be Your First Step When You Formulate the ...
Your Organization Is Facing Significant Competition,putting Pressure on Your Profit ...
Before Adopting a Compensation Strategy,it Must Be Able to Pass ...
Which Pair of Job Characteristics Is Likely Associated with a ...