What type of equity do wage and salary surveys permit an organization to maintain?
A) internal
B) distributive
C) external
D) salary

Question

Quizplus · Accepted Answer

Wage and salary surveys permit an organization to maintain external equity by comparing their pay rates with those of other organizations in their industry or region. This helps them to ensure that they are paying their employees fairly and competitively in comparison to similar roles in the market. Internal equity refers to the fairness of pay within the organization, while distributive equity relates to how fairly rewards are distributed among individuals within the organization. Salary equity is not a commonly used term in compensation management.

What Type of Equity Do Wage and Salary Surveys Permit