Using job evaluation and wage survey data jointly increases the likelihood of achieving both internal and external equity.

Question

Quizplus · Accepted Answer

Using job evaluation data helps to achieve internal equity by ensuring that similar jobs are compensated equally within the organization, based on factors such as skills, responsibilities, and experience. Wage survey data, on the other hand, helps to achieve external equity by ensuring that the organization's pay level is competitive with other employers in the same labor market. By using both sources of data together, organizations can better ensure that their compensation system is fair and competitive, both internally and externally.

Using Job Evaluation and Wage Survey Data Jointly Increases the Likelihood