17. Compensation requires a knowledgeable and skilled individual to manage and administer it.
7 Yes 2 No
18. An Organization should have some type of overall policy regarding compensation, such as:
Our policy is to pay the competitive rate for similar jobs in our geographic area. Our policy is to pay 80% of the competitive rate and provide performance bonuses that can raise total compensation to 150% of the competitive rates.
8 Yes 2 No
19–20. Information about the Organization’s compensation policy and procedure should be published so that it can be communicated to employees in some manner. Employees have many important questions about compensation. They need to have a reference ...