Asked by Simon Kozloff on Jun 19, 2024
Verified
As a human resource compensation specialist,you are recommending that your company compensate entry-level factory workers 10 percent below market,while paying 10 percent above market for engineers.What type of compensation policy are you recommending to your organization?
A) lag
B) lead
C) match
D) hybrid
Hybrid
A combination of two or more different things, aimed at achieving a particular objective or enhancing functionality, such as hybrid vehicles or hybrid work models.
Compensation Policy
Guidelines or principles that direct how an organization assigns monetary and non-monetary rewards to its employees.
Entry-Level Workers
Employees who are at the beginning stage of their career, typically with less experience and qualifications, and often starting at the lower end of an organization's pay scale.
- Evaluate approaches to remuneration in the context of market alignment, encompassing strategies that lead, match, or trail the market.
Verified Answer
SS
Samantha SomaiJun 22, 2024
Final Answer :
D
Explanation :
This is a hybrid compensation policy because it combines elements of different strategies: paying below market rates for some positions (entry-level factory workers) and above market rates for others (engineers).
Learning Objectives
- Evaluate approaches to remuneration in the context of market alignment, encompassing strategies that lead, match, or trail the market.