While Setting Pay Levels Initially, an Organization Has to Balance

question 55

Multiple Choice

While setting pay levels initially, an organization has to balance internal equity and external equity. Here external equity indicates ________.

• A) the amount of growth opportunities the job provides to the employee
• B) the worth of the job to the employee
• C) the worth of the job to the organization
• D) competitiveness of an organization's pay relative to pay elsewhere in its industry
• E) the amount of job satisfaction the job provides to the employee

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Definitions:

Critical Thinking

The process of actively analyzing, assessing, and synthesizing information to make informed judgments.

Positive Psychology

A branch of psychology that focuses on the study of positive human functions and virtues that enable individuals and communities to thrive.

Statistical Training

The education or process of learning and applying statistical methods and analyses to various fields, such as economics, psychology, and science.

Empirical Studies

Investigations that conclude findings based on evidence derived from experience or observations.