A loan clerk evaluating his/her pay relative to that of a teller within the company is an example of __________.

Question

Quizplus · Accepted Answer

Internal equity refers to the fairness in pay within the company, specifically comparing jobs of equal value or worth. In this case, the loan clerk and teller are both within the same company, making it an example of internal equity. Option B, external equity, is when companies compare their pay practices to external competitors. Option C, pay equity, is the fairness of pay between different groups or demographic categories. Option D, worth equity, and option E, wage equity, are not commonly used terms in the context of pay equity.

A Loan Clerk Evaluating His/her Pay Relative to That of a Teller