Strategic compensation aims to achieve which of the following objectives?

Strategic compensation is designed to align employee efforts with the broader objectives of the organization. By implementing a compensation strategy that is in sync with business goals, employers can motivate employees to work towards the desired outcomes. This alignment may include performance-based incentives, bonuses linked to company performance, or other compensation structures that encourage employees to engage fully with their roles in a way that drives the organization forward.

In contrast, other options do not encapsulate the essence of strategic compensation. For instance, minimizing employee turnover without pay adjustments may improve retention in the short term but doesn’t actively drive employees towards organizational goals. Basing pay solely on industry standards does not take into account the strategic needs of the company or the specific behaviors it wants to encourage. Focusing exclusively on legal compliance neglects the strategic component of compensation that seeks to motivate and engage employees rather than merely ensure that pay practices adhere to laws and regulations.