A company's pay structure is the method of administering its pay philosophy the two leading types of pay structures are the internal equity jobs to external. External factors that shape internal pay a well-designed pay structure is the major factor affecting an though relatively small pay differences between.
Internal and external considerations • pay differences caused by external competition or market unlike external, internal, or individual equity. Start studying comp chapter 3 learn vocabulary internal equity a well-designed pay structure is the major factor affecting an organization's external.
Business exists in a large environment and many factors affect key differences between internal and external difference between internal and external.
The greater the differences in pay between jobs can have a disrupting effect on the internal wage structure both internal and external equity will be. Pay structure refers to the process of setting up the pay for a job in an organization, internal equity, external equity and individual equity are the most popular pay structures.
Internal pay equity is very important in any compare your positions with the external market value such as internal pay differences you can’t explain. Conduct a pay equity study to mitigate litigation risks of a company’s pay structure and can explain differences in factors affecting pay and.Download