Benson Enterprises pays higher salaries than its competitors in order to attract high quality, productive employees. Which type of compensation policy is most likely in place at Benson Enterprises?

Question

Quizplus · Accepted Answer

B) Pay leaders are organizations that pay higher wages and salaries than competing firms, so Benson is a pay leader. Companies that choose to pay below the market rate because of poor financial conditions or a belief that they do not require highly capable employees are pay followers.

Benson Enterprises Pays Higher Salaries Than Its Competitors in Order