What do organizations try to achieve by doing salary surveys?Question 11Select one:a.Both (a) and (b)b.External equityc.Individual equityd.Internal equity
Question
What do organizations try to achieve by doing salary surveys?Question 11Select one:a.Both (a) and (b)b.External equityc.Individual equityd.Internal equity
Solution
Organizations conduct salary surveys to achieve both external and internal equity.
External equity refers to the fairness of an employee's pay in comparison to what employees in other organizations are paid for the same type of work. This is important to ensure that the organization is competitive in the market and can attract and retain talent.
Internal equity, on the other hand, refers to the fairness of pay within the organization. It ensures that employees are paid fairly when compared to their colleagues who hold different positions within the same organization. This is important for maintaining employee morale and motivation.
Therefore, the answer is a. Both (a) and (b).
Similar Questions
a.to survey current employees about their pay levelsb.to relate the organisation's pay rates to those for similar jobs in other organisationsc.to attract and keep the desired quality mix of employeesd.to ensure internal equity is achieved and maintained
Tareq is determining appropriate pay rates in his organization, which includes jobs that are specific to one industry in which there are only five firms that often collaborate. What would be the most appropriate method to gather salary information? A.Survey employment agencies.B.Review online compensation surveys.C.Review government wage surveys.D.Conduct a questionnaire survey with other employers
Which of the following is an advantage to conducting surveys?Group of answer choicesReturn rate of surveys can be poorCan be boring for the respondents if there are many numbers of questions and/or the long question contentsIf paper based survey is conducted, respondents may submit incomplete answersThe survey can be done anonymously
qualities of survey as a method of research
__________ ensures that internal pay equity is achieved and maintained.Question 6Select one:a.Trade unionb.Job rankingc.Job analysisd.Job evaluation
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