Which of the following best explains what a third-quartile approach is?
A)a strategy for paying below market compensation.
B)a team-based approach
C)a strategy in which the company pays more than the competition
D)a useful strategy when lower-skilled employees are required

Question

Quizplus · Accepted Answer

A third-quartile approach is a compensation strategy in which a company pays salaries and benefits that are higher than those of 75% of its competitors in the same industry. This is often used to attract and retain top talent.

Which of the Following Best Explains What a Third-Quartile Approach