This week we touched upon the concept of internal and external equity. Recall that internal equity

Question 1

This week we touched upon the concept of internal and external equity. Recall that internal equity deals with how well you are paid fairly relative to other employees in your company. External equity deals with how well you are paid fairly relative to employees in other companies. In your opinion, discuss which of the two forms of equity is most important. Please support your opinion with scholarly sources.

Question 2

In developing a base pay structure in your organization, a question comes up as to whether to conduct job evaluations and market data OR solely rely on market data. You know that conducting job evaluations will be more costly and require more maintenance of a salary structure because jobs may have to be re-evaluated every few years. In your opinion, discuss which of the two you would recommend. Please support your opinion with scholarly sources.

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