15. Which of the following is an important roleo f h u m a n r e s o u r c e m a n a g e m e n t i ncompensation control?a. Setting low compensation to reduce costsb. Setting compensation according to the labormarketc. Selecting high-performing employees andpaying them according to the labor marketd. Selecting average-performing employeesand paying them low compensatione. Motivating high-performing employees withhigh compensation
Question
- Which of the following is an important roleo f h u m a n r e s o u r c e m a n a g e m e n t i ncompensation control?a. Setting low compensation to reduce costsb. Setting compensation according to the labormarketc. Selecting high-performing employees andpaying them according to the labor marketd. Selecting average-performing employeesand paying them low compensatione. Motivating high-performing employees withhigh compensation
Solution
The important role of human resource management in compensation control is both b. Setting compensation according to the labor market and e. Motivating high-performing employees with high compensation.
Setting compensation according to the labor market ensures that the company is competitive and can attract and retain the best talent. It also ensures fairness and equity in the compensation process.
Motivating high-performing employees with high compensation is also crucial. This is because high-performing employees contribute significantly to the success of the company. By offering them high compensation, the company motivates them to continue performing at high levels and to stay with the company.
Similar Questions
12. Which of the following are the principles offair compensation?a. Determining compensation for different jobsin advanceb. The appropriate level of compensationmatches the market ratec. Providing the same compensation for a jobregardless of who the person isd. Providing different compensation based onskills, abilities, and dedication to worke. All of the above
Select all that applyThe control function of management:Multiple select question.rewards people for work well donegives workers the education and tools they need to make decisionstakes corrective action when necessarymeasures performance relative to the planned objectives and standards
The importance of the function of ________________ is based upon the fact that an organisation’s goals are accomplished through its human resources. a. staffing b. organising c. controlling d. planning e. leading
Which of the following is a function of how much decision-making authority is pushed down to lower levels in the organization?Choose one optionCentralizationDepartmentalizationPowerSpan of controlSave and Next
What is an essential factor for employee empowerment?Multiple choice question.Strict policies and rules to followHigh levels of management supervisionThe free flow of communication and informationStandardized tasks
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.