Asked by Anaisa Mayfield on Apr 26, 2024
Verified
If a particular compensation system has been successful in one organization,it is very likely that replicating that compensation system will bring success in another organization.
Compensation System
The total package of monetary and non-monetary pay provided to employees for their work, including wages, bonuses, and benefits.
Organizational Success
A measure of how effectively a company achieves its goals and objectives, often assessed through financial performance, market share, and stakeholder satisfaction.
- Comprehend the strategic infrastructure for pay structures within organizations.
Verified Answer
MA
Maurice AndersonApr 27, 2024
Final Answer :
False
Explanation :
Just because a compensation system worked well in one organization does not necessarily mean it will be successful in another organization. Different organizations may have different cultures, values, and priorities that can affect the effectiveness of a compensation system. Additionally, the specific job roles, industries and markets may vary between the organizations. Therefore, it is not always safe to assume that what worked for one organization will work for another.
Learning Objectives
- Comprehend the strategic infrastructure for pay structures within organizations.
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