A third-quartile approach is a compensation strategy
A) in which the company pays higher wages than its competitors do.
B) to pay below the average in the labor market.
C) where one-third of the competitors in the labor market pay higher wages than what the company does.
D) in which the company pays the median of what its competitors pay.

Question

Quizplus · Accepted Answer

A third-quartile approach to compensation means the company aims to pay higher than the majority (75%) of its competitors, positioning itself above average in the market to attract and retain talent.

A Third-Quartile Approach Is a Compensation Strategy