Asked by
Thomas Cochran
on Oct 16, 2024
Verified
You are a newly hired director of human resources for a new software company.Your CEO has asked you to provide the board of directors with recommendations relating to the company's yet-to-be-established reward system.What should you tell the board?
A) The various combinations of intrinsic and extrinsic rewards need to be considered.
B) The optimal strategy is the least expensive.
C) Like most companies in Canada,we should adopt a total compensation approach.
D) The plan for creating the compensation system is the most important aspect of the strategy.
Intrinsic And Extrinsic Rewards
Satisfaction and motivation that come from both internal personal satisfaction (intrinsic) and external compensation or recognition (extrinsic).
Software Company
A business entity that specializes in developing, distributing, and maintaining software applications or systems.
- Understand the foundational actions and approaches in creating a compensation strategy.
- Identify the necessity to combine internal and external motivations when devising a successful reward strategy.
Verified Answer
TA
Learning Objectives
- Understand the foundational actions and approaches in creating a compensation strategy.
- Identify the necessity to combine internal and external motivations when devising a successful reward strategy.
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