External equity involves paying workers at a rate perceived to be fair compared to what the market pays.

Name: External equity involves paying workers at a rate perceived to be fair compared to what the market pays.
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External equity refers to the practice of setting compensation at a level competitive with the market to attract and retain talent. It involves comparing salaries and benefits with similar positions in other organizations to ensure the compensation is fair and equitable.

External Equity Involves Paying Workers at a Rate Perceived to Be