Asked by Vivian Terziario on Jun 04, 2024
Verified
In developing a compensation strategy,the two key questions that must be addressed are: "How much is to be paid?" and "When should it be paid?"
Compensation Strategy
An organization's plan for determining employee pay and benefits to align with business objectives.
Paid
Refers to receiving money as compensation for work or services performed.
- Grasp the fundamental elements of compensation strategy, including how much and when to pay.
Verified Answer
MR
Madhav RawatJun 11, 2024
Final Answer :
False
Explanation :
The two key questions are "How much is to be paid?" and "How should it be paid?" (considering the structure of the compensation, such as salary, bonuses, stock options, etc., not just the timing of payment).
Learning Objectives
- Grasp the fundamental elements of compensation strategy, including how much and when to pay.
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