LennoCorp has spent a lot of time collecting wage and salary survey data from the relevant job markets for each of its positions. At the same time, they have completed an extensive job evaluation of all positions. They are most likely trying to maintain __________ equity.
A)internal
B)external
C)internal and external
D)individual and external

Question

Quizplus · Accepted Answer

LennoCorp's actions suggest they are trying to maintain both internal and external equity. Collecting wage and salary survey data from the relevant job markets addresses external equity, which ensures that pay rates are competitive with other organizations hiring for similar positions. Completing an extensive job evaluation of all positions addresses internal equity, which ensures that employees are paid fairly based on their position's relative value within the organization. Maintaining both internal and external equity helps ensure that the organization's pay practices are fair and competitive.

LennoCorp Has Spent a Lot of Time Collecting Wage and Salary