To help with motivation,long-term productivity,and retention,firms with internal labor markets tend to offer all of the following except
A)efficiency wages.
B)benchmark competitive wages.
C)pay based on job seniority.
D)internally based promotion systems.

Question

Quizplus · Accepted Answer

Firms with internal labor markets often offer efficiency wages, pay based on job seniority, and internally based promotion systems to motivate and retain employees. However, they do not necessarily offer benchmark competitive wages, as their focus is on internal equity and incentives rather than strictly aligning with external market rates.

To Help with Motivation,long-Term Productivity,and Retention,firms with Internal Labor Markets