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Which term refers to the concept of equal pay for work of equal value?
A) equal pay
B) comparable pay
C) compensable factor
D) pay equity
Pay Equity
Equal pay for work of equal value.
Comparable Pay
A principle of employee compensation that ensures employees doing similar work with similar skills, effort, and responsibilities in the same organization receive similar pay.
Equal Pay
The concept ensuring that employees who perform the same or substantially similar work are compensated equally, regardless of gender, ethnicity, or other non-performance-related factors.
- Acquire an understanding of the notion and criticality of equity in payment practices, including considerations of internal, external, and salary equity.
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Learning Objectives
- Acquire an understanding of the notion and criticality of equity in payment practices, including considerations of internal, external, and salary equity.
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