______ occurs when new employees require higher starting pay than the historical norm,causing narrowing of the pay gap between experienced and new employees.
A) Wage compression
B) Rate range
C) Competency-based pay
D) Pay secrecy

Question

Quizplus · Accepted Answer

Wage compression occurs when new employees require higher starting pay than the historical norm, causing a narrowing of the pay gap between experienced and new employees. This can happen due to various factors such as increased competition for talent or changes in the market demand for skills. As a result, organizations may need to adjust their pay structures to maintain pay equity and retain top talent.

______ Occurs When New Employees Require Higher Starting Pay Than