Sam's Club matches the pay of other similar businesses,Whole Foods uses base pay and team incentives and Medtronic emphasizes work and life balance.These illustrate _____ pay policy choices.

Question

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These examples illustrate the choice of external competitiveness, as each company is making decisions about their pay policies in order to stay competitive with other employers in their industry. Sam's Club is matching the pay of other similar businesses, Whole Foods is using team incentives to stay competitive in the market, and Medtronic is emphasizing work-life balance as a way to attract and retain employees. All of these choices are focused on staying competitive in the labor market.

Sam's Club Matches the Pay of Other Similar Businesses,Whole Foods