Asked by Claudiadavid Murillo on Jul 16, 2024
Verified
Who is primarily responsible for the employee compensation strategy for most Canadian organizations?
A) government and chambers of commerce
B) top leadership,human resources professionals,and compensation specialists
C) compensation survey firms and human resource managers
D) government and human resource managers
Employee Compensation Strategy
A plan or approach used by employers to determine the mix of wages, salaries, and benefits the employees will receive.
Compensation Survey Firms
Companies that specialize in collecting and analyzing data on compensation rates to provide benchmarking and market rate information.
- Identify the primary stakeholders responsible for compensation strategies in Canadian organizations.
Verified Answer
JS
Jasmyn SaucedoJul 19, 2024
Final Answer :
B
Explanation :
Top leadership, human resources professionals, and compensation specialists are primarily responsible for the employee compensation strategy for most Canadian organizations. They work together to develop and implement a compensation strategy that is aligned with the organization's goals, values, and budget. Government and chambers of commerce may provide guidance or regulations related to compensation, while compensation survey firms may provide data for benchmarking or market analysis, but they are not primary responsible for developing the strategy.
Learning Objectives
- Identify the primary stakeholders responsible for compensation strategies in Canadian organizations.
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