Asked by
Tommy Arisandiko
on Nov 03, 2024
Verified
Using job evaluation and wage survey data jointly improves the likelihood of both internal and external equity.
Job Evaluation
A systematic process for determining the value and rank of a job in an organization relative to other jobs.
Wage Survey Data
Information collected on wage rates for various jobs within an industry or region, used to compare and set competitive salaries.
Internal Equity
A pay strategy ensuring fairness in employees' wages within the same organization, based on job value and employee contribution.
- Understand how job evaluation and wage survey data are used together to achieve internal and external equity.
Verified Answer
SP
Learning Objectives
- Understand how job evaluation and wage survey data are used together to achieve internal and external equity.