Wages Must Compare Favourably with Rates in Other Organizations or an Employer

question 43

Multiple Choice

Wages must compare favourably with rates in other organizations or an employer will find it hard to attract and retain qualified employees.This is known as

• A)compensation policy.
• B)internal equity.
• C)wage compensation.
• D)external equity.
• E)need for equity.

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Definitions:

Biased Attitudes

These are prejudiced beliefs and feelings toward certain groups or individuals, often based on stereotypes and without factual justification.

Reflective Process

A cognitive mechanism by which individuals examine and analyze their own thoughts, feelings, and behaviors.

Controlling Biases

The practice of recognizing and attempting to minimize or eliminate biases in one's judgments and decisions.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors, driving individuals to pursue specific objectives.