External Equity .ppt

External Equity: Compensation Techniques INTERNAL: Job Analysis, Job Descriptions, Job Evaluation, Internal Work Structure EXTERNAL: Market definitions, Market surveys, Policy lines, Pay structures INDIVIDUAL: Seniority based, Performance based, Incentive guidelines, Incentive programs ADMINISTRATION: Planning, Budgeting, Communicating, Evaluating External Equity/Competitiveness “Refers to the pay relationships among organizations. The organization’s pay relative to its competitors.” Market-competitive pay systems represent companies’ compensation policies t