Asked by
Sweta Uraon
on Oct 16, 2024
Verified
The compensation system typically refers to which aspect of the reward system?
A) the mix of intrinsic and extrinsic rewards
B) the economic or monetary part
C) the entire spectrum of rewards
D) incentives
Compensation System
A structure designed by organizations to determine how employees are remunerated for their contributions.
Intrinsic Rewards
The personal satisfaction and enjoyment derived from performing a job or completing a task, arising from within the individual rather than from external factors.
Extrinsic Rewards
External rewards given to employees for performing specific tasks or achieving certain goals, including money, bonuses, benefits, or recognition.
- Acquire insight into the contrast between reward and compensation systems.
Verified Answer
CH
Learning Objectives
- Acquire insight into the contrast between reward and compensation systems.