The concept of external pay equity deals with comparisons of whether compensation at different companies is fair in relation to market conditions.

Question

Quizplus · Accepted Answer

External pay equity is concerned with determining whether an organization's pay rates are consistent with those prevailing in the labor market. It involves making comparisons with pay rates offered by other companies for similar job roles to ensure that compensation is fair and competitive.

The Concept of External Pay Equity Deals with Comparisons of Whether