A Third-Quartile Approach Is a Compensation Strategy

question 22

Multiple Choice

A third-quartile approach is a compensation strategy

• A) in which the company pays higher wages than its competitors do.
• B) to pay below the average in the labor market.
• C) where one-third of the competitors in the labor market pay higher wages than what the company does.
• D) in which the company pays the median of what its competitors pay.