Asked by
Nangamso Cokoto
on Nov 18, 2024
Verified
External equity involves paying workers at a rate perceived to be fair compared to what the market pays.
External Equity
Perceived fairness in pay relative to what other employers are paying for the same type of work.
- Gain insight into the importance and idea of internal and external equity in the context of compensation management.
Verified Answer
AM
Learning Objectives
- Gain insight into the importance and idea of internal and external equity in the context of compensation management.
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