Which type of equity is associated with pay surveys?
A)Internal
B)External
C)Comparison
D)Employee
E)Strategic

Question

Quizplus · Accepted Answer

Pay surveys are primarily used for external equity, which refers to how an organization's pay rates compare to those of its competitors in the same industry and location. Internal equity, on the other hand, refers to how employees within the same organization are paid relative to each other, and it typically relies on job evaluation and grading systems rather than pay surveys. Comparison equity, employee equity, and strategic equity are not commonly associated with pay surveys.

Which Type of Equity Is Associated with Pay Surveys