Question Detail

IRP 321 Compensation Management policies Objective Question
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Question

A compensation policy that aims to pay employees above the market rate to attract top talent is referred to as which of the following?
Options
A Policy of industry average or meet the market policy
B Policy of salary/pay followership or lag the market policy
C Policy of salary/pay leadership or lead the market policy
Correct Answer
D Policy of pay secrecy
Correct Answer

Option C is the correct answer.

Detailed Explanation

Page 11 lists 'Policy of salary/pay leadership or lead the market policy' as one of the policies that guide compensation management. This implies paying above the market rate.

Hint

Consider policies related to market positioning in terms of pay.

Question Info

Course: IRP 321
Topic: Compensation Management policies
Type: Objective
Difficulty: Not specified
Question 10 of 59
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