Asked by Annika Hogstrom on Jul 15, 2024
Verified
Meshing compensation and organizational objectives helps employees assume ownership of their jobs, improve effort, and improve performance.
Meshing Compensation
A compensation strategy designed to align employees' pay with organizational goals, performance, and culture.
Organizational Objectives
Specific goals that a company or institution aims to achieve, which guide its operations and strategic planning.
Employee Ownership
A business structure where employees have a significant stake in the company, often through stock ownership.
- Elucidate the principle of strategic compensation and its significance in harmonizing the objectives of the organization with the performance of its employees.
Verified Answer
Learning Objectives
- Elucidate the principle of strategic compensation and its significance in harmonizing the objectives of the organization with the performance of its employees.
Related questions
Strategic Compensation Links Organizational Goals with Employee Compensation
Amelia Received a Stellar Performance Appraisal in 2016 That Translated ...
Research Cited in the Textbook Suggests That Performance Pay Plans ...
A Particular Organization Wants to Include in Their Compensation System ...
Which Pay Type Usually Makes Up a Small Proportion of ...