Question

If an organization chooses to focus on the 75th percentile of the market, what type of pay philosophy has it adopted?

A. Market leader
B. Lag-lead
C. Matching the market
D. Market lag

Answer 1

If an organization chooses to focus on the 75th percentile of the market, it has adopted the Market Leader pay philosophy.

Step-by-step explanation:

If an organization chooses to focus on the 75th percentile of the market, it has adopted the Market Leader pay philosophy. This means that the organization aims to pay its employees at a higher rate than the market average, positioning itself as a leader in terms of compensation. The organization believes that by offering higher pay, it can attract and retain top talent in the industry.