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Giorgio Dalbon
on Nov 18, 2024

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Which of the following is defined as the perceived fairness in pay relative to what other employers are paying for the same type of work?

A) internal equity
B) pay equity
C) external equity
D) equal pay
E) equal opportunity

External Equity

The concept of ensuring compensation and benefits offered are competitive with those in the external job market to attract and retain talent.

Pay Equity

The principle of compensating employees equally for jobs requiring comparable skills, effort, and responsibility, without discrimination on the basis of gender, ethnicity, or other irrelevant factors.

  • Comprehend the concepts of internal and external equity in compensation.
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EC
Eileen CAREYNov 21, 2024
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