Both external and organizational factors shape internal pay structures.

Name: Both external and organizational factors shape internal pay structures.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

External factors such as market demand for certain skills, cost of living, and competition with other employers can influence internal pay structures. Organizational factors such as company size, culture, and budget can also impact pay structures. Therefore, both external and organizational factors play a role in shaping internal pay structures.

Both External and Organizational Factors Shape Internal Pay Structures