Which of the following BEST defines a total rewards strategy?
-
A
The process of setting competitive base salaries and administering annual bonuses based on company profits.
-
B
An integrated approach combining compensation, benefits, work-life effectiveness, recognition, performance management, and talent development to attract, motivate, and retain employees.
-
C
A program focused primarily on legally mandated employee benefits, such as Social Security, and company-sponsored retirement plans.
-
D
The system used to conduct annual performance reviews that link individual goals to the organization's strategic objectives.