PetFair, a national chain of pet supply stores, employs nearly 1,000 workers. In the past two years, the firm's market share has dropped and employee turnover has increased. The vice president of human resources at PetFair suggests implementing a new compensation policy to improve the firm's performance and retain quality workers. Currently, PetFair employees receive compensation primarily based on years with the firm and job level. Which of the following, if TRUE, best supports the argument that PetFair should implement a competency-based pay system?

A)The Hay plan is already utilized successfully at PetFair.
B)The environment at PetFair lacks teamwork, trust, and collaboration among employees.
C)Perquisites for key executives at PetFair were eliminated during the 2008 recession.
D)PetFair uses broadbanding to price jobs at all levels of the organization.