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What is object-relations theory?
External Equity
In compensation refers to comparisons made by employees to others employed by different organizations performing similar jobs.
Similar Jobs
Positions or roles within or across organizations that have comparable responsibilities, skills requirements, and levels of complexity.
External Inequity
A condition where employees perceive that their compensation is not fair compared to what people in similar positions in other organizations are earning.
Incentives
Motivators, often financial in nature, designed to encourage employees to achieve greater levels of performance or reach specific objectives.
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