Companies that implement a market lead pay policy usually attract more highly qualified applicants than lower paying firms in the same labor market.

Question

Quizplus · Accepted Answer

Companies that pursue a market lead policy are organizations that pay higher wages and salaries than competing firms.Using this strategy,they feel that they will be able to attract high-quality,productive employees and thus achieve lower per-unit labor costs.

Companies That Implement a Market Lead Pay Policy Usually Attract