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  • Internal Equity

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    Ngọc Châu
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    Internal Equity aims at balancing the compensation provided to a job profile in comparison to its senior and junior level in the organizational hierarchy. External Equity entails for fair treatment of the employees. At times organizations offer higher compensation packages to attract and retain the best talent in their organization. Internal Equity uses job ranking, job classification, level of management, level of status and factor comparison.

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    Internal Equity aims at balancing the compensation provided to a job profile in comparison to its senior and junior level in the organizational hierarchy. External Equity entails for fair treatment of the employees. At times organizations offer higher compensation packages to attract and retain the best talent in their organization. Internal Equity uses job ranking, job classification, level of management, level of status and factor comparison.

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    Attribution Non-Commercial (BY-NC)
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    28 views2 pages

    Internal Equity

    Uploaded by

    Ngọc Châu
    Internal Equity aims at balancing the compensation provided to a job profile in comparison to its senior and junior level in the organizational hierarchy. External Equity entails for fair treatment of the employees. At times organizations offer higher compensation packages to attract and retain the best talent in their organization. Internal Equity uses job ranking, job classification, level of management, level of status and factor comparison.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Internal Equity

    The internal equity method undertakes the job position in the organizational hierarchy. The process aims at balancing the compensation provided to a job profile in comparison to the compensation provided to its senior and junior level in the hierarchy. The fairness is ensured using job ranking, job classification, level of management, level of status and factor comparison.

    External Equity

    Here the market pricing analysis is done. Organizations formulate their compensation strategies by assessing the competitors or industry standards. Organizations set the compensation packages of their employees aligned with the prevailing compensation packages in the market. This entails for fair treatment to the employees. At times organizations offer higher compensation packages to attract and retain the best talent in their organizations.

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