Internal and external equity compensation plan 4

Info icon This preview shows pages 4–5. Sign up to view the full content.

Internal and External Equity Compensation Plan 4 condition, the organization still has to abide by its compensation package (Mathis & Jackson, 2008). Both types of compensation plans help to support an organization’s objectives, because in analyzing the compensation plans and tailoring them to either the organization and/or market, companies are trying to ensure that they attract and retain good employees. A company will be well served to choose the type of compensation plan best fit to their place in the market. References
Image of page 4

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

Internal and External Equity Compensation Plan 5 Armstrong, M. (2007). A handbook of employee reward management and practice. Kogan Page Publishers Heneman, R.L. (2002). Strategic reward management: design, implementation, and evaluation. Lederer, J.L & Weinberg, C.R. (1995). Equity-based pay: the compensation paradigm for the re- engineered corporation. The Chief Executive. Retrieved April 4, 2012, from Mathis, R.L & Jackson, J.H. (2008). Human resource management (12th ed.). USA: Cengage Learning. Romanoff, K. et al (2012). Pay Equity: Internal and external considerations Retrieved April 4, 2012, from Vivient Consulting, (2005) What other executives earn affects CEO comp at Pier 1, Rent-A- Center BASE and BONUS Newsletter. Retrieved April 4, 2012 from
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.
  • Spring '11
  • Management, Intel, Chief Executive Officer, external equity

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern