Which of the following objectives of an effective overall competitive strategy for managing a global workforce relates most closely to external equity?
A)Establish and maintain reasonable financial equity for all employees, both at home and abroad.
B)Be competitive in relation to the practices of leading competitors.
C)Ensure transparency and clear understanding of compensation plans.
D)Take cost-saving advantage of economies of scale, delivering rewards in the most cost-efficient manner.

Question

Quizplus · Accepted Answer

External equity in compensation refers to an organization's pay being competitive with what other employers are paying for similar roles in the market. Choice B directly addresses the need to be competitive with leading competitors, aligning with the concept of external equity by ensuring that the organization's compensation practices are in line with what is offered by others in the same industry or region.

Which of the Following Objectives of an Effective Overall Competitive