Question: Explain Internal Equity ( Internal Alignment ) . Discuss why this is important to an organization s compensation strategy. Explain External Equity ( External Competitiveness

Explain Internal Equity (Internal Alignment). Discuss why this is important to an organizations compensation strategy. Explain External Equity (External Competitiveness). Discuss the reasons this is important to an organizations compensation strategy.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

QUESTION Read the case study on Agile Supply Chain: Zara's case study analysis' Fashion is a fast-paced industry. You need to be fast to deliver the products that will satisfy the consumers fashion...

Q:

HRM Value Addition at Mafwa Enterprise (U) Ltd Munguber works in the ERP design department of Mafwa Enterprises (U) Ltd, a SME in the Software engineering industry in Nairobi Kenya. He enjoys working...

Q:

Internal equity focuses on ensuring fair pay and treatment within an organization, comparing employees in similar roles with each other, while external equity looks at how an organization's...

Q:

D355 Total Rewards Task 1 Course Guide: VGM2: Total Rewards Strategy: Compensation Task 1 Introduction A competitive total rewards plan is essential to attracting quality talent and personnel who can...

Q:

Chapter 9 Compensation and Incentives Diane Bigda/Photodisc/Getty Images Learning Objectives After reading this chapter, you should be able to do the following: Discuss various psychological...

Q:

Based on information from the textbook, outside research, and knowledge gained from the videos, explain how you would oversee the design or redesign of a benefits program in a large organization....

Q:

CHAP TER 1 The Role of Human Resources HUMAN RESOURCE MANAGEMENT DAY TO DAY You have just been hired to work in the human resource department of a small company. You heard about the job through a...

Q:

Study Guide Strategic Business Management By A. J. Cataldo About the Author A. J. Cataldo is currently a professor of accounting at West Chester University, in West Chester, Pennsylvania. He holds a...

Q:

Chapter 05 - Planning for and Recruiting Human Resources Chapter Five: Planning for and Recruiting Human Resources Human Resource Management 3rd edition by R.A. Noe, J.R. Hollenbeck, B. Gerhart, and...

Q:

This is Compensation subject. Please help me answer the following questions base on your understanding at the given infos. Questions: 1. Define Demand side of labor. (Base your answer in the given...

Q:

Two blocks A and B, each of mass m, are supported as shown by three springs of the same constant k. Blocks A and B are connected by a dashpot and block B is connected to the ground by two dashpots,...

Q:

[Image of a Function] Let f: XY be a function on set X into set Y. Define the image of a set A CX as follows: f(A) = {y Y: 3r A s.t.y = f(x)}. Determine whether the two propositions below are right...

Q:

As a fixed - rate mortgage nears maturity, the portion of the monthly mortgage payment that is applied to principal _ _ _ _ _ _ _ _ _ while the amount that is applied to interest _ _ _ _ _ _ _ _ _ _...

Q:

You are asked to use the information provided in the following matrix to help decide on the preferred price for mens sneakers in 2023. The payoffs indicate the forecast change in revenue (in 000s)...