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) pay-for-performance

Question

Quizplus · Accepted Answer

Pay-for-longevity would incentivize tellers to stay with the bank for a longer period of time, as they would receive increased compensation with each year of service. This would help reduce turnover and increase the likelihood of customers seeing familiar faces at the bank.

Morgan Is Working on the Compensation Package for Bank Tellers