Question: When developing strategic pay plans, HR professionals should ensure there is equity, including external equity by study how fair the job's pay rate is when

When developing strategic pay plans, HR professionals should ensure there is equity, including external equity by

study how fair the job's pay rate is when compared to other jobs within the same company.

studying how a job's pay rate in one company compares to the job's pay rate in other companies.

studying the fairness of an individual's' pay as compared with their coworkers for the same or very similar jobs with the company, based on performance.

considering the perceived fairness of the processes and procedures used to make decisions regarding the allocation of pay.

When developing strategic pay plans, HR professionals should ensure there is

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