When your pay practices are similar to the practices of other organizations competing for the same talent, then your program is said to be competitive or externally equitable.
you may want to contact equitable to inform that you want to settle your balance from them. they may cut you a deal! ;) hope this helps.. cheers!
Equal pay is important in promoting gender equality in the workplace because it ensures that men and women are paid fairly for the same work. When there is pay equity, it helps to reduce the gender wage gap and creates a more inclusive and equitable work environment where all employees are valued equally regardless of their gender.
It is important to pay attention to gender stereotypes because they can perpetuate harmful expectations and limitations on individuals based on their gender. By recognizing and challenging these stereotypes, we can work towards creating a more inclusive and equitable society that values people for who they are as individuals rather than fitting into narrow gender norms.
Compensation factors should be equitable to ensure fairness, promote employee morale, and attract and retain diverse talent. Organizations can create equitable compensation systems by conducting regular pay audits to identify disparities, implementing standardized pay scales based on job responsibilities and market rates, and fostering transparency in pay practices. Additionally, providing training on unconscious bias for managers can help maintain fairness in compensation decisions.
Externally.
A sound primary compensation structure should be internally equitable, externally competitive, transparent, and aligned with the organization's goals and values. It should also be legally compliant and support attracting, retaining, and motivating employees.
When a salve is applied topically, that means externally. My outside dog is externally located.
Externally competitive pay levels and structures refer to how an organization's compensation practices compare to those of competitors in the market. This involves benchmarking salaries and benefits against industry standards to ensure that they are attractive enough to recruit and retain top talent. By offering competitive pay, companies can better position themselves to attract skilled employees and remain competitive in the marketplace.
No, laws are not procedural or equitable
Scottish Equitable was created in 1831.
Palais Equitable was created in 1891.