What compensation strategy is often used to attract highly qualified candidates?

The "lead the market" compensation strategy involves offering higher-than-average wages to attract top talent and hard-to-fill roles. This approach positions the organization as highly competitive for skilled candidates.

Official Extract:

"Leading the market on pay enables organizations to attract and retain highly qualified candidates, particularly for critical or hard-to-fill positions."

(Source: HRCI PHR Content Outline 2024–2025, Total Rewards Section, Compensation Strategy Models)