Question

The XYZ Company is a world leader in medical device manufacturing. Aiming to continue its market position in this industry, the XYZ Company pursues a differentiation strategy. As a result, this company compensates its employees higher than competitors in order to attract and retain the best employees. What kind of pay level policy does the XYZ Company follow?
a. market match
b. market lag
c. market lead
d. market pay line

Answer 1

Answer:

c. market lead

Explanation:

For about all candidates, salary is an important job characteristic.  

Organizations have an employing benefit if their strategy is to pay for a lead market approach, that is,  compensate more for a job than the existing market salaries.  

Higher pay can also compensate for the less precious features of a job.