Compensation Ch2 || A+ Graded Already.

Supporting "promotional growth opportunities" is an example of correct answers Internal Alignment. "Putting some skin in the game" refers to correct answers below market base pay with stock ownership. A compensation system that pays employees such that "some skin is in the game" means that correct answers a portion of employee pay is at risk At the corporate level, a strategic compensation perspective addresses the question, correct answers "What business should we be in?" "How do we gain competitive advantage" is an example of a correct answers Business unit level of strategy question The social, competitive, and regulatory environment factors are most important for correct answers strategic compensation strategy Compensation objectives shape correct answers pay policies A focus on competitor's costs is most closely associated with a correct answers cost-cutter strategy. A compensation system using market-based pay is most likely to be part of correct answers an innovator strategy Flexible-generic job descriptions would most likely be used with an correct answers innovator strategy A compensation system focusing on system control and work specifications is most closely associated with correct answers a cost-cutter strategy. Whole Foods' policy of holding executive salaries to no more than 14 times average pay of full-time employees is an example of correct answers an Internal Alignment strategic pay decision Decisions regarding what forms compensation should be are part of correct answers external competitiveness The choice to communicate and make open an organization's pay system to employees is an example of a. correct answers Management strategic choice The decision to base pay increases on correct answers individual or group performance is made within the employee contributions strategic compensation choices