Asked by Annika Hogstrom on Jul 15, 2024
Verified
Meshing compensation and organizational objectives helps employees assume ownership of their jobs, improve effort, and improve performance.
Meshing Compensation
A compensation strategy designed to align employees' pay with organizational goals, performance, and culture.
Organizational Objectives
Specific goals that a company or institution aims to achieve, which guide its operations and strategic planning.
Employee Ownership
A business structure where employees have a significant stake in the company, often through stock ownership.
- Elucidate the principle of strategic compensation and its significance in harmonizing the objectives of the organization with the performance of its employees.
Verified Answer
Learning Objectives
- Elucidate the principle of strategic compensation and its significance in harmonizing the objectives of the organization with the performance of its employees.
Related questions
Amelia Received a Stellar Performance Appraisal in 2016 That Translated ...
Strategic Compensation Links Organizational Goals with Employee Compensation
Which Pay Type Usually Makes Up a Small Proportion of ...
As the CEO of a Small Start-Up Firm,you Would Like ...
Research Cited in the Textbook Suggests That Performance Pay Plans ...