PayScale’s Compensation Glossary: Part 4 of 4

SECTION FOUR: PAY CONCERNS AND PAY RAISES

1) INTERNAL vs. EXTERNAL EQUITY

Definition: Internal equity exists when employees at a company perceive that they are being rewarded fairly according to the relative value of their jobs. External equity exists when …

PayScale’s Compensation Glossary: Part 3 of 4

Wow! Can you believe it that we’re half way through our 4-Part Comp Glossary bringing you closer to ‘comp’lete mastery of the compensation language?! In part 3, we bring to you: Pay Structures.

1) PAY RANGES, PAY GRADES, and PAY