Asked by Reegan Van Rooyen on May 13, 2024
Verified
If a company uses a differentiation strategy,what is it more concerned with relative to equity with the external market?
A) pay structures
B) compensation strategy
C) pay for performance
D) internal equity
Differentiation Strategy
A business approach where a company provides unique, distinct products or services to stand out from competitors in the market.
Pay Structures
The framework within an organization that defines the pay rates for different roles, levels, or categories of jobs, often structured to ensure equity and fairness among employees.
Compensation Strategy
A plan or approach an organization uses to determine how to reward employees effectively and fairly based on job roles, market standards, and performance.
- Understand the significance of aligning human resources strategy with other functional strategies.
- Understand the role of targeted human resource practices in achieving organizational success and gaining a competitive edge.
Verified Answer
Learning Objectives
- Understand the significance of aligning human resources strategy with other functional strategies.
- Understand the role of targeted human resource practices in achieving organizational success and gaining a competitive edge.
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