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XYZ Inc.pursues a low-cost strategy in its industry and generally needs lower skilled employees.As a result,their management team decided to establish a compensation policy that pays less than the marketplace.In recent years,the company became susceptible to labor shortages and high turnover.Which kind of pay level policy does XYZ Inc.follow?
Protective Gear
Clothing or equipment designed to protect the wearer's body from injury or infection.
Inclusive Decision-making
A decision-making process that involves and respects the perspectives and contributions of all stakeholders.
Lose-lose Situation
A situation where all parties involved suffer a loss or negative outcome, often due to conflict or competition.
Bargaining Climate
The environment or conditions under which negotiation or bargaining occurs, including attitudes, relationships, and the surrounding context.
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