Krista's organization uses a differentiation strategy.To encourage worker to bring knowledge,skills,and abilities to the job that can allow them to analyze problems and come up with creative solutions,Krista might adopt a(n)________ organizational philosophy on compensation.
A)pay secrecy
B)above-the-market
C)at-the-market
D)competency-based pay

Question

Quizplus · Accepted Answer

Competency-based pay is a type of pay philosophy that links an employee's pay to their knowledge, skills, and abilities. This aligns with Krista's desire to encourage workers to bring such attributes to the job, making it the best choice. A above-the-market pay philosophy might be used to attract top talent, while an at-the-market pay philosophy is focused on paying employees the average market rate. Pay secrecy is not related to encouraging problem-solving skills.

Krista's Organization Uses a Differentiation Strategy