Asked by
Christopher Angel
on Oct 16, 2024
Verified
Compensation strategy includes the "how" and "how much" in terms of compensation to be paid.
Compensation Strategy
outlines how an organization plans to reward its employees, balancing between monetary payments and non-monetary benefits.
Compensation
The total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required.
- Acknowledge the necessity of aligning remuneration tactics with the aims of the organization.
Verified Answer
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Learning Objectives
- Acknowledge the necessity of aligning remuneration tactics with the aims of the organization.
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