Equity in Pay Rates and its Impact
Equity in pay rates encompasses external, internal, individual, and procedural equity. It involves comparing one’s rewards and contributions with those of others. Perceived fairness affects motivation and performance.
Methods to address equity issues include salary surveys, job analysis, fair performance appraisals, and grievance mechanisms.
What methods can organizations employ to address equity issues in their compensation systems, and why are they important?
Introduction to Healthcare Management: Organisational Insights
Introduction to Healthcare Management: Organisational Insights
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