Morgan is working on the compensation package for bank tellers.Bank customers like to see the same faces in the bank when they come in to talk about their money.Therefore,Morgan needs to find a way to reduce turnover among the tellers.Adopting a(n) _________ organizational philosophy on compensation might be a good idea.
A)below-the-market
B)at-the-market
C)pay for longevity
D)wage compression

Question

Quizplus · Accepted Answer

Paying employees for longevity, or their length of service, can be an effective way to reduce turnover. By rewarding employees for staying with the company, they may be more inclined to stay long-term. This also aligns with the bank's desire to have familiar faces for their customers. Options A and D would not likely support reducing turnover, and option B is not specifically tied to reducing turnover.

Morgan Is Working on the Compensation Package for Bank Tellers