Exam 6: Formulating the Reward and Compensation Strategy

Briefly discuss the four key understandings necessary for successful formulation of compensation strategy.

Which type of management strategy will use economic variables as key motivators to drive employee behaviour?

When we discuss labour market constraints, what are we specifically referring to?

Which of the following variables in executive compensation packages accounts for the majority of the value associated with executive pay in Canada?

Before implementing a compensation strategy, human resources professionals must ensure the appropriate screens are in place to evaluate the strategy's appropriateness. Which of the following screens is NOT considered one of the so-called "must pass screens"?

You have been asked to provide recommendations to a compensation committee in their attempts to shift the CEO's compensation into a mix of rewards that facilitates and encourages a long-term view of business performance. What foci should your recommendations take?