The _____ pay strategy emphasizes external competitiveness and deemphasizes internal alignment.
A)job structure
B)broad banding
C)reference rate
D)market pricing

Question

Quizplus · Accepted Answer

Market pricing pay strategy focuses on paying employees comparable to the prevailing market rate for similar positions in the industry. This strategy de-emphasizes the importance of internal equity or alignment and emphasizes external competitiveness. Job structure, broad banding, and reference rate pay strategies all place more emphasis on internal alignment and structure.

The _____ Pay Strategy Emphasizes External Competitiveness and Deemphasizes Internal