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HRM 324 Internal and External Equity Comparison

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HRM 324 Internal and External Equity Comparison
· Resources: Assigned readings, ERRs, the Internet,and other resources
·
· Write a 700- to 1,050-word paper, in which you identify a total compensation plan for an
organization focused on internal equity, and a total compensation plan for an organization
focused on external equity.
·
· Identify advantages and disadvantages of internal and external equity for the
organizations.
·
· Explain how each plan supports that organization’s total compensation objective and the
relationship of the organization’s financial situation to its plan.
Internal and External Equity Comparison
Compensation packages area unit one among the foremost valuable items of the puzzle once a
company creates a program designed to draw in and retain appropriate staff. A handy
compensation package will make sure that staff aren't solely drawn to starting work a company,
however also are willing to remain inside an organization over time. a better retention rate for
workers will increase productivity and cut back prices for a company over time. 2 of the factors

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