What has not been conclusively proven regarding leading the market in terms of compensation?a.That it always leads to improved employee satisfaction.b.That a higher salary guarantees higher-quality employees.c.That it ensures the organization's dominance in the market.d.That it discourages employees from taking leave.
Question
What has not been conclusively proven regarding leading the market in terms of compensation?a.That it always leads to improved employee satisfaction.b.That a higher salary guarantees higher-quality employees.c.That it ensures the organization's dominance in the market.d.That it discourages employees from taking leave.
Solution
a. That it always leads to improved employee satisfaction.
b. That a higher salary guarantees higher-quality employees.
c. That it ensures the organization's dominance in the market.
d. That it discourages employees from taking leave.
The correct answer is: c. That it ensures the organization's dominance in the market.
Explanation:
- a. While leading the market in terms of compensation can improve employee satisfaction, it is not always guaranteed as other factors like work environment and job role also play a significant part.
- b. A higher salary may attract higher-quality employees, but it does not guarantee it as skills, experience, and cultural fit are also important.
- c. Ensuring the organization's dominance in the market is influenced by many factors beyond compensation, such as product quality, innovation, and market strategy.
- d. Higher compensation might reduce the likelihood of employees taking leave, but it is not a definitive factor as personal reasons and work-life balance also affect leave decisions.
Similar Questions
What factor heavily influences compensation levels?The number of employees in the organizationThe age of the companyPrevailing market ratesThe brand color of the company
Competition among employers and countries for the best and brightest puts pressure on firms to invest in present and future leadership capabilities.Question 5Select one:TrueFalse
Explain one reason why a business that has the second largest market share would be keen to become market leader.
How do KPIs contribute to business success?*By reducing competitionBy providing a framework for measuring and improving performanceBy attracting more customersBy increasing employee salaries
15. Which of the following is an important roleo f h u m a n r e s o u r c e m a n a g e m e n t i ncompensation control?a. Setting low compensation to reduce costsb. Setting compensation according to the labormarketc. Selecting high-performing employees andpaying them according to the labor marketd. Selecting average-performing employeesand paying them low compensatione. Motivating high-performing employees withhigh compensation
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.