Asked by AWebb Moran on Jul 15, 2024
Verified
External equity in compensation refers to comparisons made by employees to other employees performing similar jobs within the same organization.
External Equity
In compensation refers to comparisons made by employees to others employed by different organizations performing similar jobs.
Similar Jobs
Positions or roles within or across organizations that have comparable responsibilities, skills requirements, and levels of complexity.
- Recognize the concept of external and internal equity in compensation.
Verified Answer
MB
Monica BolanosJul 17, 2024
Final Answer :
False
Explanation :
External equity in compensation refers to comparisons made by employees to similar jobs outside the organization, ensuring competitiveness with the external job market.
Learning Objectives
- Recognize the concept of external and internal equity in compensation.
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