In Which Situation Would a "Lag the Market Compensation Strategy

question 43

Multiple Choice

In which situation would a "lag the market compensation strategy" be applicable?

• A) Turnover costs are low.
• B) Turnover costs are high.
• C) Recruitment costs are high.
• D) The demand for labour is high.

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Definitions:

Job Rotation

A workforce management strategy that involves moving employees between different tasks to promote versatility and reduce monotony.

Job Enlargement

An approach to increase the number and variety of tasks that an employee performs to enhance job satisfaction.

Specialized Jobs

Positions that require a specific set of skills or knowledge in a particular area or field.

Job Rotation

A human resources strategy where employees are systematically moved between different jobs or tasks to gain experience and skills.