30.03.2023 - 17:17

Which of the following provides general guidelines for making compensation decisions? A) pay leaders B) market rates C) compensation policies D) compensation packages

Which of the following provides general guidelines for making compensation decisions?

A) pay leaders

B) market rates

C) compensation policies

D) compensation packages

Answers (1)
  • Courchevel
    April 1, 2023 в 19:21

    The answer to the question is C) compensation policies. Compensation policies are designed to provide general guidelines for making compensation decisions within an organization. These policies typically outline the principles, practices, and procedures that should be followed when determining employee pay and benefits.

    While pay leaders (option A) and compensation packages (option D) may be important factors to consider when making compensation decisions, they do not provide the general guidelines that compensation policies do. Pay leaders refer to individuals who are responsible for making decisions about employee pay, while compensation packages refer to the specific combination of salary, benefits, and other perks that an organization offers its employees.

    Market rates (option B) are also an important consideration when making compensation decisions, but they are not a comprehensive guideline. Market rates refer to the prevailing salaries and benefits offered by similar organizations in the same industry or geographical region. While market rates can help inform compensation decisions, they do not provide the detailed policies and procedures that compensation policies do.

    In summary, compensation policies provide general guidelines for making compensation decisions, while pay leaders, market rates, and compensation packages are important considerations that can inform those decisions.

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