Most Employers Use a Market-Pricing Approach to Determine Compensation for Professional

question 79

True/False

Most employers use a market-pricing approach to determine compensation for professional employees.

---

Definitions:

Retention Strategies

Methods and practices aimed at keeping employees engaged and motivated to reduce turnover and retain talent within an organization.

Developmental Move

A job change within an organization that promotes growth, learning, and skill enhancement for an employee.

Dry Promotion

A promotion where an employee is given a higher title or rank without a corresponding increase in pay or benefits.

Lateral Transfer

A move by an employee to another job within the same organization at the same level, usually with similar pay and responsibilities.