Define total rewards and compensation philosophy, what does it mean to - match, lead, or lag in the market?
a) Total rewards include only monetary benefits; matching means paying salaries identical to competitors.
b) Compensation philosophy focuses on non-monetary benefits; leading means offering the highest salaries in the market.
c) Total rewards encompass both monetary and non-monetary rewards; leading involves paying above-market salaries to attract top talent.
d) Compensation philosophy emphasizes financial incentives; lagging means paying below-market salaries.