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You are the HR Professional for your organization and you have been asked to hire a project manager. The average market salary for the project management position, you have available is $87,500. Which one of the following salaries would be indicative of lagging the market?
Suggested Answer: A
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Lagging the market means the organization pays less than the market norm. The best answer is $79,000 as it's below the stated norm for the project management position.
Answer option C is incorrect. This value would be matching the market.
Answer option D is incorrect. This answer would be leading the market.
Answer option B is incorrect. This answer would be leading the market, by a significant amount.
15 comments · newest first
CA
Camellia
15 days ago
So, A is the clear choice for lagging.
MA
Mari
20 days ago
Exactly, $88,000 is still competitive, not lagging.
TA
Tanja
25 days ago
Right? $87,500 is the average, so anything below is lagging.
CA
Camellia
1 month ago
I think $101,000 is way above market.
MA
Mari
1 month ago
Agreed, $79,000 feels too low for the role.
TA
Tanja
1 month ago
A) $79,000 is definitely lagging the market.
VA
Valentine
2 months ago
Wait, are we really considering $79,000? That seems low!
EM
Emerson
2 months ago
D) $88,000 seems a bit above average, right?
LA
Lashaunda
2 months ago
C) $87,500 is right on the mark.
RO
Roxanne
2 months ago
I think B) $101,000 is way too high!
LA
Lazaro
2 months ago
A) $79,000 is definitely lagging behind.
CA
Carma
2 months ago
I feel like $88,000 is still pretty close to the average, so it might not be considered lagging. I think A is the best choice.
MA
Marvel
3 months ago
I practiced a similar question, and I believe lagging means below the average. So, A seems right, but I could be mistaken.
LA
Lashawn
3 months ago
I'm not entirely sure, but I remember something about salaries needing to be competitive. Wouldn't $101,000 be too high?
KE
Kenneth
3 months ago
I think lagging the market means offering less than the average, so I would lean towards option A, $79,000.