Question: You have been given the responsibility to develop an effective compensation system for your company. Which of the following should serve as your first focus?

You have been given the responsibility to develop an effective compensation system for your company. Which of the following should serve as your first focus?

designing your performance pay and indirect pay plans

formulating and determining budgets

implementing, managing, evaluating, and adapting the system

understanding your organization and your people

You have been given the responsibility to develop an effective compensation

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