What is an example of ensuring internal equity in compensation and benefits? Select an answer: The company has clear guidelines supporting higher pay for older employees. The company establishes a global policy to pay more to people who support larger families. The company maintains clear guidelines around pay differences based on education, professional experience, and seniority. The company has clear guidelines establishing higher rewards for recent college graduates, because they are more innovative.
Question
What is an example of ensuring internal equity in compensation and benefits? Select an answer: The company has clear guidelines supporting higher pay for older employees. The company establishes a global policy to pay more to people who support larger families. The company maintains clear guidelines around pay differences based on education, professional experience, and seniority. The company has clear guidelines establishing higher rewards for recent college graduates, because they are more innovative.
Solution
The correct answer is: The company maintains clear guidelines around pay differences based on education, professional experience, and seniority.
This is an example of internal equity in compensation and benefits because it ensures that employees are paid fairly based on their qualifications and contributions to the company. It takes into account factors that directly relate to the job and the employee's ability to perform it, such as their education and experience. This helps to prevent pay disparities and promotes a sense of fairness among employees.
Similar Questions
__________ ensures that internal pay equity is achieved and maintained.Question 6Select one:a.Trade unionb.Job rankingc.Job analysisd.Job evaluation
Organizational pay structures are set by a variety of methods, including internal policies, the advice of outside compensation consultants, and external data.Question 20Select one:a.Trueb.False
Internal alignment refers primarily to:Question 4Answera.the pay relationships in a geographic regionb.the strategy of paying above market salariesc.the value of the work of one individual compared to that of another individuald.the pay relationships among jobs, skills, and competencies within a single organizatione.the pay relationships of all jobs within the same industry
Which types of organizations commonly use equity compensation programs?a.Technology companies both in the start-up stage or in a more mature phaseb.Service-related franchise chainsc.Local government departmentsd.Established consumer goods companiesClear my choice
Explain the following Principles:i) intergenerational equity
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.