You have been hired as a consultant by management at a medium$-$sized, locallyowned financial services company.

Specifically, they are concerned that they can only pay $50\%$ of what the national employers who are operating in their city are paying their employees for performing the same jobs. From a total rewards perspective, what would you recommend to management?

Management needs to increase the value of nonfinancial benefits offered to employees.

None of the other alternatives are true.

All of the other alternatives are correct.

Management must modify its pay policy to a match strategy.

Management must modify its pay policy to a lead strategy.