When management is discussing whether to lead,lag,or pay the "going rate" for a job,they are deciding:
A) whether to be egalitarian or elitist.
B) if they want to have an open or secret compensation system.
C) how to balance internal equity.
D) their company's pay policy.

Question

Quizplus · Accepted Answer

When management is discussing whether to lead, lag, or pay the "going rate" for a job, they are deciding on their company's pay policy. This involves determining how much they want to pay employees in relation to their competitors, industry standards, and internal equity considerations. This decision ultimately impacts the organization's ability to attract and retain talent, as well as its overall compensation philosophy. Therefore, the best answer is D.

When Management Is Discussing Whether to Lead,lag,or Pay the "Going