Bank Of America

1.  What is the relationship between the the Compensation department and Human Resources?
2.  What type of strategy does the company focus on (low cost or differentiation) and why ?
3.  What are the top goals of the compensation department?
4.  What programs are in place to ensure internal consistency?
5.  What external markets are used for benchmarking compensation programs?
6.  What is the biggest challenge they are facing currently, related to compensation?

Answer rating: 100% (QA)

1 The Compensation department and Human Resources HR typically have a close relationship and often work closely together The Compensation department is a specialized function within HR that focuses sp... View the full answer