__________ pricing is particularly important when an organization believes that it must pay competitively in the open market to attract sufficient numbers of appropriately qualified talent.
A) Arcade
B) Compensation
C) Market
D) Organizational

Question

Quizplus · Accepted Answer

Market pricing is a compensation strategy that involves setting pay levels based on what competitors are paying for similar jobs in the same industry and location. This approach is particularly important when an organization wants to attract and retain top talent and needs to ensure that its pay levels are competitive with those of other companies in the open market.

__________ Pricing Is Particularly Important When an Organization Believes That