Companies place a considerable amount of attention on compensation plans because
A) firms are likely to face stiff penalties from the government if they do not offer competitive wages and salaries.
B) attracting the right employees with good compensation packages can translate into a competitive advantage.
C) it is a hygiene factor.
D) a good compensation plan will be less costly than other parts of the operation.

Question

Quizplus · Accepted Answer

Today, companies compete for customers, and also for good employees. The right employees can place the company at a competitive advantage. Good compensation plans will attract high-level employees.

Companies Place a Considerable Amount of Attention on Compensation Plans