CHRP Knowledge Exam · Question
Which compensation strategy aims to align employee pay with specific organizational outcomes or individual performance?
Pay-for-performance strategies directly link employee compensation to their achievement of specific goals or demonstrated performance levels.
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Question: Which compensation strategy aims to align employee pay with specific organizational outcomes or individual performance?
Answer options:
- Lag-the-market strategy
- Lead-the-market strategy ✅ Pay-for-performance strategy
- Skill-based pay strategy
Correct answer: Pay-for-performance strategy
Explanation: Pay-for-performance strategies directly link employee compensation to their achievement of specific goals or demonstrated performance levels.
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Question explanations
- Employment Standards in most provinces require overtime after:
- When a union and management reach an impasse in negotiations, what is the process where a third party makes a
- Which term describes the practice of contracting out a business function to a third-party provider, often abro
- Which compensation strategy aims to align employee interests with shareholder interests by offering ownership?
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