Which form of equity refers to how a jobs pay rate in one company compares to the jobs pay rate in other companies a distributive b Internal c External d procedural?

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CH 11

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40) External equity refers to ________.

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41) Which of the following best defines internal equity?

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42) Which of the following is used to maintain internal equity?

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43) Managers use performance appraisals and incentive pay to maintain ________ equity.

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44) What is the first step in the process of establishing pay rates to ensure external equity?

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45) Homelife, a national chain of high-end furniture stores, employs nearly 800 workers. In the past few years, the company's marketshare has dropped significantly, and employee turnover has increased. Upper management is considering the implementation of a newcompensation policy in its efforts to turn the company around. Historically, the company has paid all employees similarly with somevariation for seniority but no distinction between high and low performers.Which of the following, if true, supports the argument that Homelife executives should primarily address internal equity issues whendeveloping a new compensation plan?

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21.Which form of equity refers to the perceived fairness of the processes andprocedures used to make decisions regarding the allocation of pay?a.externalb.internalc.distributived.individuale.procedural(e; easy)

Chapter 11: Establishing Strategic Pay Plans22.External equity refers to _____.

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23.Internal equity refers to _____.

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24.Individual equity refers to _____.

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25.Procedural equity refers to _____.a.how a job’s pay rate in one company compares the job’s pay rate in othercompaniesb.how fair the job’s pay rate is, when compared to other jobs within thesame companyc.the fairness of an individual’s pay as compared with what his or hercoworkers are earning for the same or very similar jobs within thecompany, based on each individual’s performanced.the perceived fairness of the processes and procedures used to makedecisions regarding the allocation of paye.the use of salary surveys to monitor levels paid for jobs industry-wide(d; moderate)

Human Resource Management: An Asian Perspective (Second Edition)

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Which form of equity refers to how a job's pay rate in one company compares to the job's pay rate in other companies a distributive b Internal c External d procedural?

Which form of equity refers to the perceived fairness of the processes used to make decisions regarding the allocation of pay?

Which one of the following terms refers to all forms of pay or rewards going to employees and arising from their employment quizlet?

Which one of the following terms refers to all forms of pay or rewards going to employees and?