A _____ determines the going rate and supplements it with a percentage of that rate.
A) skill-based system
B) competency-based system
C) market plus philosophy
D) market minus philosophy
E) management fit model

Question

Quizplus · Accepted Answer

A market plus philosophy determines the going rate for a position based on market data and then adds a percentage to that rate in order to attract and retain top talent. This approach recognizes that simply paying the going rate may not be enough to compete with other employers in the market, so a premium is added to make the organization more attractive to potential employees.

A _____ Determines the Going Rate and Supplements It with a Percentage