You are a newly hired Director of HR for a new software company. Your CEO has asked you to provide recommendations relating to the company's yet$-$to$-$be$-$established reward system. What should you tell the CEO?

Question $6$Answer

a$.$

The various combinations of intrinsic and extrinsic rewards need to be considered.

b$.$

The optimal strategy is the least expensive strategy.

c$.$

Like most companies in Canada, we should adopt a total compensation approach.

d$.$

The plan for creating the compensation system is the most important aspect of the strategy.