What theory would justify a job advertisement that reads: "Help Wanted! Looking for a person willing to stay with the firm for a long time.Excellent pay"?

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Quizplus · Accepted Answer

The theory that justifies this job advertisement is efficiency wage theory. This theory suggests that paying higher wages than the market rate can lead to increased productivity, decreased turnover, and increased job satisfaction. By offering "excellent pay" and seeking a candidate who is willing to stay with the firm for a long time, the firm is likely trying to attract and retain high-quality employees who will be more productive and loyal to the company.

What Theory Would Justify a Job Advertisement That Reads: "Help