After freezing salaries for three years, Solo Music Publishers determined that employees with two to three years of experience were leaving Solo because other employers were offering higher salaries.Which of the following is a step that Solo can take to reduce pay inequities?

Question

Quizplus · Accepted Answer

Benchmarking against local and national markets would help Solo Music Publishers to determine the market rate for different positions, which would help them to offer competitive salaries to their employees. This would reduce pay inequities by ensuring that employees are not leaving the company due to low salaries.

Option B is not a good choice because basing pay on the longevity of the employee's association with the company can lead to pay inequities. It can result in newer employees being paid less than experienced employees, even if their job responsibilities and performance are similar.

Option C is also not a good choice because excluding benefits and other items from the total pay package would not accurately reflect the total value of an employee's compensation.

Option D is not a good choice because basing pay on the age of the employee is illegal and discriminatory. Age should never be a factor in determining an employee's pay.

After Freezing Salaries for Three Years, Solo Music Publishers Determined