>> Business Management
The issue of pay equity is held to be important to maintaining a motivated, high-performing work force, except in the most difficult of recessions, and, even then, not in all fields.
1. Discuss internal, external, and employee equity.
2. What are some of the criticisms of Merit Pay or Pay for Performance systems?
3. What factors affecting compensation are outside of an organization's control?
4. Since equity in part relies on employees' perceiving that they are receiving fair treatment, how can concepts of SHRM be applied to strengthen this perception?
I need response at least 500 words in length, and also include two source.