Difference between internal and external equity

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Reference no: EM131801134

1. What is Fairness in pay structure and also explain Equity theory and difference between internal and external equity.

2. When Determining pay level provide the Importance of labor market, competition, benchmarking.

3. Explain the following Theories related to compensation 1) Equity theory 2) expectancy theory.

Reference no: EM131801134

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