Pay practices must be designed not only to attract and retain employees but also to ensure that _____ do not become excessive in relation to those of competing employers.
A) employee stock ownership plans
B) labor costs
C) merit-pay increases
D) flexible benefit packages

Question

Quizplus · Accepted Answer

Pay practices need to balance the needs of attracting and retaining top talent with the cost of labor. If pay becomes excessive in relation to other employers, it can lead to financial difficulties and decreased competitiveness. Therefore, it's crucial to design pay practices that are competitive with industry standards and reflect the company's financial realities.

Pay Practices Must Be Designed Not Only to Attract and Retain