A compensation system using market-based pay is most likely to be part of a _____ strategy.
A) innovator
B) cost-cutter
C) global
D) customer-focused

Question

Quizplus · Accepted Answer

Market-based pay is often used by companies pursuing an innovator strategy, as they aim to attract and retain top talent and stay ahead of the competition by offering higher salaries and bonuses based on market rates. This approach is less likely to be used by companies focused on cost-cutting or global expansion, and may not directly relate to a customer-focused strategy.

A Compensation System Using Market-Based Pay Is Most Likely to Be