What is meant by internal equity

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Reference no: EM132271000

1. What is meant by internal equity? What is the relationship between internal equity and job evaluation?

2. What is a benchmark or key job? Why are these kinds of jobs so critical in various job evaluation methodologies?

3. What are some of the strengths and limitations in the use of ranking for job evaluation purposes?

4. What must be done to develop a predetermined grading or position classification method?

5. How does smyth murphy method of market pricing differ from a pure market pricing approach to establish job worth?

Reference no: EM132271000

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