GK
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which form of equity refers to how a job’s pay rate in one company compares to the job’s pay rate in other companies
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distributive
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internal
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external
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procedural
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Explanation:
Detailed explanation-1: -External Pay Equity is precisely what the name suggests: pay equality compared to the people in similar positions external to the organizations.
Detailed explanation-2: -External equity refers to the employee’s perception of being treated in the same way as employees in the same job but at a competing organization, while internal equity refers to the employee’s perception of being treated in the same way as employees within a focal organization (Werner and Mero, 1999).
Detailed explanation-3: -Equity and Fairness of Direct Financial Compensation. Equity and Fairness of Indirect Financial Compensation. Internal Equity. External Equity. More items
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