Which of the following is an internal pay factor?
A) Inflation
B) Cost of living
C) Type of industry
D) Unemployment rates
E) Current economic state

Question

Quizplus · Accepted Answer

Type of industry is an internal pay factor, as it relates to the specific company and its competitive landscape. Inflation, cost of living, unemployment rates, and current economic state are all external pay factors, as they are outside the control of the company and can affect pay across industries.

Which of the Following Is an Internal Pay Factor