The Revlex Company did a salary survey and the results showed that 10 of its key positions had lower wages compared with similar positions at their key competitors.The problem the company faces is

Question

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The problem the company faces is external equity, where the wages for their key positions are lower compared to their competitors. This means that the company needs to adjust their wages to be competitive in the market. Comparable worth and pay equity relate to internal equity, which is not the issue here. Internal inequity refers to inequities within the company itself, not compared to competitors. Broadbanding is a compensation strategy that allows for more flexibility in job roles and pay, but it is not directly related to the issue at hand.

The Revlex Company Did a Salary Survey and the Results