Answer the following within a word limit of 210 words:
Q: Describe the differences that exist between a lead pay-level policy and a lag pay-level policy. Why do some companies believe that it pays to pay differently?
Reference:
Milkovich, G. T., Newman, J. M., & Gerhart, B. (2014). Compensation (11th ed.). New York, NY: McGraw-Hill/Irwin.