A company may use a market plus philosophy because the industry's cutting-edge nature requires the best employees.

Question

Quizplus · Accepted Answer

A market plus philosophy refers to the approach of offering employees a salary and benefits package that exceeds the market rate in order to attract and retain the most talented individuals. In a cutting-edge industry, where competition for top talent is fierce, companies may employ this philosophy to ensure that they have the best employees. Therefore, the statement is true.

A Company May Use a Market Plus Philosophy Because the Industry's