Findings:

Market-based compensation structures are best when:

 You prefer to rely on the market for salary information.

 You don’t have a performance-based pay philosophy.

 You have a well-defined organization, but want to be flexible with pay determinations.

Reference:

Essays, UK. (November 2018). The Alignment Of Compensation And Business Strategies Commerce
Essay. 

Cappelli, P., 2000. A market-driven approach to retaining talent. Harvard business review, 78(1), pp.103-
103.

Nankervis, A., Baird, M., Coffey, J. and Shields, J., 2019. Human resource management. Cengage AU.