Pay: Internal Alignment & External Competitiveness
Not what you're looking for?
Distinguish external competitiveness policies from internal alignment policies. What is external competitiveness? What factors shape an organization's external competitiveness? Why is external competitiveness so important?
Purchase this Solution
Solution Summary
This solution explains external competitiveness and internal alignment of pay. The sources used are also included in the solution.
Solution Preview
Step 1
External competitiveness is the pay relationships among organizations. The organization's pay relative to that of its competitors is external competitiveness. External competitiveness typically sets the pay level above, below, or equal to that of competitors. Internal alignment policies are those that enable a firm to pay fairly based on internal relative worth. These help assess the value to the employer of the work performed and give an internal ranking of the job. Internal alignment means employees who perform similar jobs, perform dissimilar jobs, work within the same department, and work in different ...
Purchase this Solution
Free BrainMass Quizzes
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
Paradigms and Frameworks of Management Research
This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.