Which method involves using a "what if" scenario to determine which compensation-level strategy is most efficient for your organization?
A) cost-benefit analysis
B) market share analysis
C) trial analysis
D) utility analysis

Question

Quizplus · Accepted Answer

Utility analysis involves using a "what if" scenario to determine the effect of different compensation-level strategies on employee behavior, such as performance and retention. This helps identify the most efficient strategy for your organization. Cost-benefit analysis looks at the monetary costs and benefits of different strategies, market share analysis focuses on market trends, and trial analysis involves testing different strategies on a small scale.

Which Method Involves Using a "What If" Scenario to Determine