Companies with an innovation or customer service strategy use the pay __________ strategy to attract and retain higher quality employees who are critical to their success.
A) leader
B) challenger
C) follower
D) structure

Question

Quizplus · Accepted Answer

Companies with an innovation or customer service strategy require employees who possess high skill and knowledge level. To attract and retain such employees, employers usually use pay leader strategy, which involves paying above the market rate, with better benefits, incentives or bonuses. This helps to create a competitive market for talented employees and thus helps to retain them.

Companies with an Innovation or Customer Service Strategy Use the Pay