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Week 6 Compensation

Week 6 Compensation

Q Discuss the three forms of equity in reward strategy and how they interrelate to each other. Which should be most important and why?

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The first form of equity is internal equity in which pay packages are taken into consideration to ensure that equity is maintained among all organizational members by comparing the calculations in which they are paid their salaries. Job evaluation of all the organizational members are considered to be taken seriously while formulating the pay packages and measuring the worthiness of the available and created jobs in a particular workplace in an organization (Mello, 2015).