A number of employees at LennoCorp have approached their supervisors to request raises. They have said that colleagues who work for other companies in similar positions receive a higher wage. In this situation, the employees are seeking
A)COLA.
B)escalator clauses.
C)external equity.
D)individual equity.

Question

Quizplus · Accepted Answer

The employees are seeking external equity, meaning they want their pay to be comparable to what similar positions in other companies are making. This is different from individual equity, which refers to fairness in pay for employees with similar positions within the same company. COLA and escalator clauses are mechanisms for adjusting pay over time, but they are not directly related to the request for higher pay based on external equity comparisons.

A Number of Employees at LennoCorp Have Approached Their Supervisors