The article, “The Relationship of Internal Equity and Job Evaluation,” delves into the importance of ensuring internal equity within an organization’s compensation and benefits system. Internal equity refers to the fairness and consistency of pay within an organization, ensuring that employees performing similar jobs are paid similarly (Kokemuller, 2021). The article explains that job evaluation, the process of assessing and comparing the value of different jobs within an organization, is a crucial tool for achieving internal equity. It also highlights the importance of understanding the external factors like labor market and industry standards that influence the process of determining the value of jobs in an organization.
This article relates to the compensation class I am currently taking for human resource management by highlighting the importance of fair and consistent pay within an organization. It also emphasizes the role of job evaluation in achieving internal equity, which is a topic that has been covered in class (Kokemuller, 2021). Additionally, the article emphasizes the importance of maintaining internal equity to attract and retain top talent, which is a key concept discussed in the class. It also illustrates the importance of considering external factors like labor market and industry standards while determining the value of jobs in an organization. The article also explains the importance of consistent and fair pay to maintain employee satisfaction and motivation, which is also a key concept discussed in the class (Kokemuller, 2021). Furthermore, the article emphasizes the importance of conducting regular job evaluations to ensure that internal equity is maintained over time and to make necessary adjustments as the organization and the external environment changes.
Reference
Kokemuller, N. (2021). Relationship Between Internal Equity & Job Evaluation. Bizfluent. Web.